Amundi Sells 265,184 Shares of Canadian National Railway (NYSE:CNI)

Amundi lowered its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 905,059 shares of the transportation company's stock after selling 265,184 shares during the period. Amundi owned approximately 0.14% of Canadian National Railway worth $92,678,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted 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 in the last quarter. Crestwood Advisors Group LLC raised its position in shares of Canadian National Railway by 4.2% during the fourth 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 period. Catalytic Wealth RIA LLC lifted its holdings in shares of Canadian National Railway by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company's stock worth $654,000 after purchasing an additional 123 shares in the last quarter. Addison Advisors LLC grew its position in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Assetmark Inc. increased its stake 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 in the last quarter. Institutional investors own 80.74% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CNI shares. Wells Fargo & Company reduced their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Stifel Nicolaus increased their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $124.19.

Canadian National Railway Stock Performance

NYSE:CNI traded up $1.78 during trading hours on Friday, reaching $97.70. The stock had a trading volume of 700,752 shares, compared to its average volume of 1,184,144. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $134.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a 50 day simple moving average of $101.87 and a 200 day simple moving average of $108.12. The stock has a market cap of $61.38 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. On average, research 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.52%. Canadian National Railway's dividend payout ratio (DPR) is 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.