Atria Investments Inc Cuts Position in Canadian National Railway (NYSE:CNI)

Atria Investments Inc lessened its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 68.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,858 shares of the transportation company's stock after selling 17,299 shares during the quarter. Atria Investments Inc's holdings in Canadian National Railway were worth $798,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CNI. Principal Financial Group Inc. grew its stake in Canadian National Railway by 29.6% in the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock valued at $10,820,000 after acquiring an additional 21,100 shares during the last quarter. Assetmark Inc. grew its stake in Canadian National Railway by 3.1% in the 3rd quarter. Assetmark Inc. now owns 4,980 shares of the transportation company's stock valued at $583,000 after acquiring an additional 152 shares during the last quarter. Harbour Investments Inc. grew its stake in Canadian National Railway by 5.3% in the 3rd quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company's stock valued at $369,000 after acquiring an additional 158 shares during the last quarter. ROI Financial Advisors LLC grew its stake in Canadian National Railway by 5.6% in the 3rd quarter. ROI Financial Advisors LLC now owns 16,306 shares of the transportation company's stock valued at $1,910,000 after acquiring an additional 865 shares during the last quarter. Finally, Nicola Wealth Management LTD. grew its stake in Canadian National Railway by 44.5% in the 3rd quarter. Nicola Wealth Management LTD. now owns 192,500 shares of the transportation company's stock valued at $22,551,000 after acquiring an additional 59,300 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CNI. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Susquehanna decreased their price target 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. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Jefferies Financial Group raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Finally, TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway has an average rating of "Moderate Buy" and an average target price of $124.19.

Remove Ads

Canadian National Railway Trading Down 0.9 %

NYSE CNI opened at $96.00 on Friday. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02. The company's 50 day moving average price is $101.87 and its 200 day moving average price is $108.12. 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 firm has a market capitalization of $60.31 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results 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 net margin of 26.09% and a return on equity of 22.48%. On average, sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared 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. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.57%. Canadian National Railway's dividend payout ratio (DPR) is presently 47.85%.

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.

Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.