FineMark National Bank & Trust Trims Stock Position in Canadian National Railway (NYSE:CNI)

FineMark National Bank & Trust cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.4% during the 4th quarter, Holdings Channel reports. The firm owned 23,325 shares of the transportation company’s stock after selling 4,587 shares during the period. FineMark National Bank & Trust’s holdings in Canadian National Railway were worth $2,368,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter valued at $25,000. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway in the fourth quarter worth $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 0.3 %

NYSE CNI opened at $98.43 on Wednesday. The firm has a market capitalization of $61.85 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a one year low of $93.64 and a one year high of $132.73. The company’s 50 day moving average price is $101.21 and its 200 day moving average price is $106.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is currently 47.66%.

Analysts Set New Price Targets

CNI has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Stifel Nicolaus boosted their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.