Canadian National Railway (NYSE:CNI) is Beutel Goodman & Co Ltd.'s 9th Largest Position

Beutel Goodman & Co Ltd. cut its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,116,484 shares of the transportation company's stock after selling 420,309 shares during the quarter. Canadian National Railway makes up about 2.3% of Beutel Goodman & Co Ltd.'s investment portfolio, making the stock its 9th biggest position. Beutel Goodman & Co Ltd. owned about 0.65% of Canadian National Railway worth $417,801,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 last quarter. Crestwood Advisors Group LLC lifted its holdings in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after buying an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. boosted its position in Canadian National Railway by 1.2% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock valued at $1,167,000 after buying an additional 139 shares during the period. Addison Advisors LLC grew its stake 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 acquiring an additional 142 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Canadian National Railway by 5.0% during the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company's stock worth $335,000 after acquiring an additional 156 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several research firms have commented on CNI. Wells Fargo & Company reduced their price objective on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Susquehanna lowered their price target on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research report on Thursday. Bank of America cut their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada cut their price target on 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 assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.02.

Canadian National Railway Stock Performance

CNI traded down $0.10 on Monday, reaching $97.35. 1,170,440 shares of the stock were exchanged, compared to its average volume of 1,239,345. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company's 50-day moving average price is $101.07 and its 200 day moving average price is $106.51. The firm has a market capitalization of $61.17 billion, a PE ratio of 19.01, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.27.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data 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%. As a group, sell-side 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 will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.53%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is 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.