Cerity Partners LLC Sells 5,116 Shares of Canadian National Railway (NYSE:CNI)

Cerity Partners LLC lowered its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,329 shares of the transportation company's stock after selling 5,116 shares during the period. Cerity Partners LLC's holdings in Canadian National Railway were worth $12,247,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the 4th quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC lifted its holdings in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after purchasing an additional 108 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CNI. Jefferies Financial Group dropped their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company dropped their price target on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Citigroup cut their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada dropped 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 report on Friday, January 31st. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.36.

Remove Ads

Canadian National Railway Trading Down 0.6 %

Canadian National Railway stock traded down $0.64 during mid-day trading on Tuesday, hitting $99.55. The stock had a trading volume of 282,066 shares, compared to its average volume of 1,271,942. The stock has a market capitalization of $62.57 billion, a PE ratio of 19.47, a P/E/G ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $130.63. 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 stock has a 50-day simple moving average of $99.28 and a two-hundred day simple moving average of $104.71.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.47%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio (DPR) is 47.66%.

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.