Cullen Capital Management LLC Trims Holdings in Canadian National Railway (NYSE:CNI)

Cullen Capital Management LLC trimmed its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,754 shares of the transportation company’s stock after selling 543 shares during the quarter. Cullen Capital Management LLC’s holdings in Canadian National Railway were worth $1,802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd increased its holdings in Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after acquiring an additional 4,698 shares during the period. Unigestion Holding SA increased its holdings in shares of Canadian National Railway by 363.6% in the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after purchasing an additional 120,687 shares during the period. Synovus Financial Corp raised its position in shares of Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after buying an additional 6,261 shares in the last quarter. Sustainable Insight Capital Management LLC bought a new stake in Canadian National Railway during the fourth quarter valued at $436,000. Finally, Two Sigma Advisers LP grew its position in Canadian National Railway by 123.7% during the third quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company’s stock worth $20,170,000 after buying an additional 95,200 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

CNI stock opened at $96.61 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average price is $100.46 and its two-hundred day moving average price is $105.86. The stock has a market capitalization of $60.71 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.27.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly 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%. As a group, equities analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.55%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 47.66%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada cut their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, Susquehanna dropped their price target on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.36.

Canadian National Railway Company Profile

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.