Canadian National Railway (NYSE:CNI) Stake Cut by Pragma Gestao DE Patrimonio Ltd.

Pragma Gestao DE Patrimonio Ltd. reduced its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,000 shares of the transportation company's stock after selling 8,774 shares during the quarter. Canadian National Railway accounts for 2.6% of Pragma Gestao DE Patrimonio Ltd.'s portfolio, making the stock its 13th largest position. Pragma Gestao DE Patrimonio Ltd.'s holdings in Canadian National Railway were worth $4,669,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CNI. XTX Topco Ltd lifted its position in shares of Canadian National Railway by 43.3% during the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company's stock worth $1,822,000 after purchasing an additional 4,698 shares during the last quarter. Unigestion Holding SA lifted its holdings in Canadian National Railway by 363.6% during the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock worth $18,012,000 after buying an additional 120,687 shares during the last quarter. Synovus Financial Corp lifted its holdings in Canadian National Railway by 82.3% during the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock worth $1,625,000 after buying an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC acquired a new position in shares of Canadian National Railway in the 4th quarter worth approximately $436,000. Finally, Two Sigma Advisers LP raised its position in shares of Canadian National Railway by 123.7% during the 3rd quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company's stock valued at $20,170,000 after acquiring an additional 95,200 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Canadian National Railway Price Performance

NYSE:CNI traded up $0.04 during trading hours on Monday, reaching $97.49. 358,669 shares of the company's stock were exchanged, compared to its average volume of 1,415,142. The company has a market capitalization of $61.26 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.27. The business's 50-day simple moving average is $101.07 and its two-hundred day simple moving average is $106.51. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that Canadian National Railway will post 5.52 EPS 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. Investors of record on Monday, March 10th will be given a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, March 10th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Friday, January 10th. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Susquehanna decreased their target price on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays dropped their price target on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Finally, Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of "Moderate Buy" and an average target price of $124.02.

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.