Alberta Investment Management Corp Lowers Holdings in Canadian National Railway (NYSE:CNI)

Alberta Investment Management Corp trimmed its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,188,302 shares of the transportation company's stock after selling 80,896 shares during the period. Canadian National Railway accounts for 0.8% of Alberta Investment Management Corp's portfolio, making the stock its 17th biggest position. Alberta Investment Management Corp owned approximately 0.19% of Canadian National Railway worth $120,607,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Canadian National Railway by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock valued at $2,175,935,000 after buying an additional 790,420 shares in the last quarter. National Bank of Canada FI boosted its stake in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after acquiring an additional 2,137,948 shares in the last quarter. Fiera Capital Corp grew its holdings in Canadian National Railway by 2.6% in the fourth quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock worth $570,550,000 after purchasing an additional 142,070 shares during the period. CIBC Asset Management Inc increased its stake in shares of Canadian National Railway by 12.6% during the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after purchasing an additional 571,967 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock valued at $464,002,000 after purchasing an additional 202,303 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up $0.15 during trading on Friday, reaching $103.98. The company had a trading volume of 1,242,853 shares, compared to its average volume of 1,354,477. The firm has a market capitalization of $65.33 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. 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 simple moving average is $102.64 and its 200 day simple moving average is $109.47. Canadian National Railway has a 52 week low of $98.69 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Sell-side analysts forecast that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.37%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is currently 46.68%.

Analyst Ratings Changes

CNI has been the subject of a number of analyst reports. Citigroup raised Canadian National Railway from a "neutral" rating to a "buy" rating and raised their price objective for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Stifel Nicolaus raised their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, January 31st. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Royal Bank of Canada cut their price objective on shares of 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, Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Two 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $124.19.

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.