Intech Investment Management LLC Sells 45,399 Shares of Canadian National Railway (NYSE:CNI)

Intech Investment Management LLC decreased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 66.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,414 shares of the transportation company's stock after selling 45,399 shares during the quarter. Intech Investment Management LLC's holdings in Canadian National Railway were worth $2,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. XTX Topco Ltd lifted its position in Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company's stock worth $1,822,000 after acquiring an additional 4,698 shares during the last quarter. Unigestion Holding SA lifted its position in shares of Canadian National Railway by 363.6% during the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock worth $18,012,000 after purchasing an additional 120,687 shares during the last quarter. Partners Group Holding AG grew its holdings in Canadian National Railway by 16.3% in the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company's stock valued at $47,571,000 after buying an additional 56,849 shares during the last quarter. Synovus Financial Corp increased its position in Canadian National Railway by 82.3% in the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock worth $1,625,000 after buying an additional 6,261 shares during the period. Finally, Sustainable Insight Capital Management LLC acquired a new position in shares of Canadian National Railway during the fourth quarter worth approximately $436,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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Canadian National Railway Price Performance

NYSE:CNI traded down $0.27 on Tuesday, reaching $98.43. The stock had a trading volume of 911,666 shares, compared to its average volume of 1,187,429. The company has a market capitalization of $61.85 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The stock has a fifty day moving average price of $101.24 and a 200-day moving average price of $106.99. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $132.73.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results 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 net margin of 26.09% and a return on equity of 22.48%. Research 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 will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway's payout ratio is currently 47.66%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNI shares. Royal Bank of Canada cut their target price on shares of 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. Barclays decreased their target price on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. 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. Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.19.

Canadian National Railway 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.