Canadian National Railway Company $CNI Position Trimmed by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 20.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,783 shares of the transportation company’s stock after selling 5,130 shares during the quarter. Intech Investment Management LLC’s holdings in Canadian National Railway were worth $1,866,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Cardinal Point Capital Management ULC boosted its position in shares of Canadian National Railway by 28.8% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 124,426 shares of the transportation company’s stock valued at $11,730,000 after purchasing an additional 27,857 shares during the period. Westerkirk Capital Inc. acquired a new stake in Canadian National Railway during the 2nd quarter worth about $3,448,000. Lorne Steinberg Wealth Management Inc. lifted its stake in Canadian National Railway by 23.3% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 83,095 shares of the transportation company’s stock valued at $7,834,000 after buying an additional 15,715 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in Canadian National Railway by 9.8% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 802,257 shares of the transportation company’s stock valued at $83,646,000 after buying an additional 71,364 shares in the last quarter. Finally, Cardinal Capital Management Inc. boosted its holdings in shares of Canadian National Railway by 1.5% in the third quarter. Cardinal Capital Management Inc. now owns 742,230 shares of the transportation company’s stock worth $70,038,000 after buying an additional 10,880 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

CNI stock opened at $110.76 on Thursday. The company has a market capitalization of $67.91 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.34 and a beta of 0.90. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $113.08. The firm has a 50 day moving average of $102.60 and a two-hundred day moving average of $97.96. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. As a group, equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio (DPR) is 46.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CNI shares. BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Zacks Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Citigroup lowered their price target on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, Royal Bank Of Canada dropped their price target on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $118.91.

About Canadian National Railway

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.