Envestnet Asset Management Inc. Lowers Stock Holdings in Canadian National Railway (NYSE:CNI)

Envestnet Asset Management Inc. lessened its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 67.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 337,845 shares of the transportation company's stock after selling 694,770 shares during the period. Envestnet Asset Management Inc. owned about 0.05% of Canadian National Railway worth $34,295,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the 4th quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at $30,000. Addison Advisors LLC increased 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 buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Wall Street Analyst Weigh In

CNI has been the subject of a number of research analyst reports. Citigroup reduced their price target 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. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Finally, Jefferies Financial Group reduced their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.36.

Canadian National Railway Price Performance

CNI traded down $1.66 during trading on Tuesday, reaching $98.53. 1,106,685 shares of the company traded hands, compared to its average volume of 1,275,498. The company has a market cap of $61.92 billion, a P/E ratio of 19.24, a PEG ratio of 1.95 and a beta of 0.93. 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 has a 12-month low of $91.65 and a 12-month high of $130.63. The firm has a fifty day simple moving average of $99.28 and a 200 day simple moving average of $104.71.

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 earnings per share 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%. On average, equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.6159 dividend. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. Canadian National Railway's dividend payout ratio (DPR) is presently 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.