Banque de Luxembourg S.A. Has $111,000 Stock Holdings in Canadian National Railway Company $CNI

Banque de Luxembourg S.A. cut its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 95.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,124 shares of the transportation company’s stock after selling 24,867 shares during the quarter. Banque de Luxembourg S.A.’s holdings in Canadian National Railway were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 10.1% in the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 113 shares during the last quarter. ICW Investment Advisors LLC lifted its stake in Canadian National Railway by 0.7% in the third quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock valued at $1,558,000 after acquiring an additional 120 shares during the last quarter. M&T Bank Corp lifted its stake in Canadian National Railway by 1.9% in the second quarter. M&T Bank Corp now owns 6,629 shares of the transportation company’s stock valued at $690,000 after acquiring an additional 122 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Canadian National Railway by 2.1% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,109 shares of the transportation company’s stock valued at $604,000 after acquiring an additional 123 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in Canadian National Railway by 1.9% in the third quarter. Foundations Investment Advisors LLC now owns 7,014 shares of the transportation company’s stock valued at $661,000 after acquiring an additional 128 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $105.07 on Tuesday. The firm has a fifty day simple moving average of $104.61 and a 200-day simple moving average of $99.32. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $113.08. The stock has a market capitalization of $64.23 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.17 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the previous year, the company earned $1.82 earnings per share. Canadian National Railway’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were issued a $0.915 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $3.66 dividend on an annualized basis and a yield of 3.5%. Canadian National Railway’s payout ratio is 49.36%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CNI shares. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Citigroup reduced their target price on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Royal Bank Of Canada reduced their target price on shares of Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Finally, Barclays lifted their target price on shares of Canadian National Railway from $97.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, March 27th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $115.70.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.