Intech Investment Management LLC Sells 11,112 Shares of Canadian National Railway (NYSE:CNI)

Intech Investment Management LLC lowered its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,813 shares of the transportation company's stock after selling 11,112 shares during the quarter. Intech Investment Management LLC's holdings in Canadian National Railway were worth $8,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $26,000. Addison Advisors LLC boosted its position in shares of Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock valued at $28,000 after acquiring an additional 148 shares during the last quarter. Fortitude Family Office LLC boosted its position in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $34,000. Finally, Coastline Trust Co bought a new stake in shares of Canadian National Railway during the 3rd quarter valued at about $34,000. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Benchmark restated a "hold" rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Evercore ISI dropped their target price on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 target price for the company in a research report on Monday, October 7th. Veritas upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded Canadian National Railway from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of "Hold" and an average target price of $125.48.

Canadian National Railway Stock Up 1.9 %

CNI stock traded up $2.04 during midday trading on Friday, hitting $111.24. The stock had a trading volume of 1,199,288 shares, compared to its average volume of 1,121,619. The firm has a market cap of $70.06 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.41 and a beta of 0.89. The business has a 50-day moving average of $113.29 and a two-hundred day moving average of $117.33. Canadian National Railway has a 52-week low of $105.28 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities research analysts forecast that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is 39.26%.

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.