Huntington National Bank Has $3.75 Million Stock Position in Canadian National Railway (NYSE:CNI)

Huntington National Bank trimmed its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 15.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,960 shares of the transportation company's stock after selling 6,982 shares during the period. Huntington National Bank's holdings in Canadian National Railway were worth $3,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CNI. RFG Bristol Wealth Advisors LLC purchased a new position in Canadian National Railway during the fourth quarter valued at approximately $206,000. Groupama Asset Managment acquired a new stake in Canadian National Railway during the fourth quarter valued at $1,112,000. Trexquant Investment LP grew its stake in shares of Canadian National Railway by 177.8% in the 4th quarter. Trexquant Investment LP now owns 64,689 shares of the transportation company's stock valued at $6,567,000 after buying an additional 41,407 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Canadian National Railway by 815.4% during the 4th quarter. Headlands Technologies LLC now owns 22,830 shares of the transportation company's stock worth $2,317,000 after acquiring an additional 20,336 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Canadian National Railway by 29.0% during the 4th quarter. Geode Capital Management LLC now owns 3,306,192 shares of the transportation company's stock worth $340,987,000 after purchasing an additional 743,712 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CNI shares. Bank of America reduced their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Barclays decreased their target price on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company cut their price target on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Finally, Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.36.

Canadian National Railway Trading Down 0.2 %

Shares of CNI traded down $0.16 during trading hours on Tuesday, hitting $94.59. 838,245 shares of the stock traded hands, compared to its average volume of 1,254,380. The business has a fifty day moving average of $100.22 and a 200-day moving average of $105.61. 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 firm has a market capitalization of $59.44 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 1-year low of $92.58 and a 1-year high of $132.27.

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 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%. Analysts expect 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 was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.60%. 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.