Value Partners Investments Inc. Has $4.67 Million Stake in Canadian National Railway (NYSE:CNI)

Value Partners Investments Inc. lowered its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 82.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,036 shares of the transportation company's stock after selling 215,361 shares during the quarter. Canadian National Railway makes up 0.2% of Value Partners Investments Inc.'s investment portfolio, making the stock its 16th largest holding. Value Partners Investments Inc.'s holdings in Canadian National Railway were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after acquiring an additional 101,228 shares in the last quarter. TD Asset Management Inc. grew its position in Canadian National Railway by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after purchasing an additional 309,210 shares in the last quarter. Fiera Capital Corp raised its stake in Canadian National Railway by 2.6% during the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock valued at $570,550,000 after purchasing an additional 142,070 shares during the period. Norges Bank acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $563,048,000. Finally, CIBC Asset Management Inc grew its stake in Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after acquiring an additional 571,967 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Analyst Ratings Changes

CNI has been the topic of a number of recent research reports. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Bank of America decreased their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus cut their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada decreased their price target on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Finally, TD Securities raised 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 given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.36.

Canadian National Railway Price Performance

Shares of CNI stock traded up $0.67 on Friday, reaching $99.21. The company had a trading volume of 1,159,602 shares, compared to its average volume of 1,283,966. The stock has a market capitalization of $62.35 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business's 50-day moving average is $98.99 and its 200 day moving average is $104.37. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its 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%. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were 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 annualized dividend and a yield of 2.48%. The ex-dividend date was Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

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.