Smartleaf Asset Management LLC Cuts Position in Canadian National Railway (NYSE:CNI)

Smartleaf Asset Management LLC trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 53.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 659 shares of the transportation company’s stock after selling 760 shares during the period. Smartleaf Asset Management LLC’s holdings in Canadian National Railway were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CNI. Arlington Trust Co LLC bought a new position in Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC boosted 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 buying an additional 142 shares during the last quarter. Coastline Trust Co bought a new position in Canadian National Railway during the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in Canadian National Railway during the third quarter worth about $56,000. 80.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CNI shares. Susquehanna dropped their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Royal Bank of Canada dropped their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price objective on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Trading Down 0.8 %

Shares of CNI opened at $101.12 on Monday. Canadian National Railway has a twelve month low of $96.28 and a twelve month high of $134.02. The stock has a market cap of $63.53 billion, a PE ratio of 19.75, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average price is $102.26 and its 200-day moving average price is $108.56.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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 analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced 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 2.44%. This is a boost 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 47.66%.

Canadian National Railway 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.