King Luther Capital Management Corp Lowers Stock Holdings in Canadian National Railway (NYSE:CNI)

King Luther Capital Management Corp cut its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,797 shares of the transportation company’s stock after selling 135 shares during the period. King Luther Capital Management Corp’s holdings in Canadian National Railway were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CNI. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after purchasing an additional 114 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% in 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 during the last quarter. Assetmark Inc. boosted its position in Canadian National Railway by 3.1% during the 3rd quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock valued at $583,000 after purchasing an additional 152 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in Canadian National Railway by 5.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock worth $363,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNI shares. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Barclays reduced their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Bank of America lowered their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Performance

Shares of CNI opened at $96.00 on Friday. The company has a 50-day moving average of $101.87 and a two-hundred day moving average of $108.12. The stock has a market cap of $60.31 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data 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 return on equity of 22.48% and a net margin of 26.09%. On average, equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.57%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s payout ratio is presently 47.85%.

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.