Hall Laurie J Trustee Cuts Stock Position in Canadian National Railway (NYSE:CNI)

Hall Laurie J Trustee cut its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 36.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,262 shares of the transportation company’s stock after selling 8,345 shares during the quarter. Hall Laurie J Trustee’s holdings in Canadian National Railway were worth $1,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust lifted its position in Canadian National Railway by 15.3% during the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 valued at $34,000 after acquiring an additional 108 shares during the last quarter. Catalytic Wealth RIA LLC lifted its holdings in shares of Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after acquiring an additional 123 shares during the period. Harrington Investments INC grew its holdings in Canadian National Railway by 0.6% in the third quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock valued at $2,384,000 after purchasing an additional 130 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Canadian National Railway by 15.6% during the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock worth $113,000 after purchasing an additional 131 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CNI shares. Stephens reiterated an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 10th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $174.00 target price on shares of Canadian National Railway in a report on Friday, January 10th. Finally, Barclays cut their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Trading Down 0.4 %

NYSE:CNI opened at $101.54 on Monday. Canadian National Railway has a one year low of $98.96 and a one year high of $134.02. The business’s 50-day simple moving average is $105.44 and its 200 day simple moving average is $111.87. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market cap of $63.85 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. As a group, sell-side analysts predict that Canadian National Railway will post 5.21 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $0.6108 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.41%. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.30%.

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.