Candriam S.C.A. Cuts Stake in Canadian National Railway (NYSE:CNI)

Candriam S.C.A. reduced its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 11.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,900 shares of the transportation company's stock after selling 3,060 shares during the quarter. Candriam S.C.A.'s holdings in Canadian National Railway were worth $2,426,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $28,022,000. Aigen Investment Management LP raised its stake in Canadian National Railway by 108.1% during the fourth quarter. Aigen Investment Management LP now owns 9,467 shares of the transportation company's stock worth $961,000 after buying an additional 4,917 shares during the last quarter. Nicola Wealth Management LTD. lifted its holdings in Canadian National Railway by 24.5% in the fourth quarter. Nicola Wealth Management LTD. now owns 239,600 shares of the transportation company's stock valued at $24,322,000 after buying an additional 47,100 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Canadian National Railway by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,419,044 shares of the transportation company's stock valued at $144,029,000 after acquiring an additional 50,548 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter worth about $25,000. Institutional investors own 80.74% of the company's stock.

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Canadian National Railway Stock Down 0.9 %

CNI traded down $0.88 during midday trading on Thursday, reaching $96.00. 1,153,258 shares of the company were exchanged, compared to its average volume of 1,183,666. The company has a market cap of $60.31 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02. The company's fifty day moving average price is $101.99 and its 200 day moving average price is $108.20. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (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%. As a group, analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on CNI shares. Stifel Nicolaus boosted their price objective on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Bank of America dropped their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Finally, Susquehanna cut 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and an average price target of $124.19.

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.