MAI Capital Management Has $440,000 Stake in Canadian National Railway (NYSE:CNI)

MAI Capital Management cut its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 63.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,759 shares of the transportation company's stock after selling 6,531 shares during the quarter. MAI Capital Management's holdings in Canadian National Railway were worth $440,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CNI. Advisors Asset Management Inc. raised its holdings in Canadian National Railway by 14.0% in the 1st quarter. Advisors Asset Management Inc. now owns 8,174 shares of the transportation company's stock valued at $1,077,000 after acquiring an additional 1,002 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Canadian National Railway by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,986,555 shares of the transportation company's stock worth $525,070,000 after purchasing an additional 125,949 shares during the last quarter. Earnest Partners LLC boosted its stake in Canadian National Railway by 3.1% in the 1st quarter. Earnest Partners LLC now owns 852,141 shares of the transportation company's stock valued at $112,277,000 after purchasing an additional 25,500 shares during the period. Ascent Group LLC grew its holdings in Canadian National Railway by 5.1% in the 1st quarter. Ascent Group LLC now owns 2,495 shares of the transportation company's stock valued at $329,000 after buying an additional 122 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Canadian National Railway by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 82,561 shares of the transportation company's stock valued at $10,874,000 after buying an additional 1,606 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada raised shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Veritas raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Finally, Citigroup upgraded Canadian National Railway from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $125.48.

Canadian National Railway Price Performance

NYSE:CNI traded up $2.04 on Friday, hitting $111.24. The company had a trading volume of 1,419,763 shares, compared to its average volume of 1,178,574. Canadian National Railway has a 52 week low of $105.28 and a 52 week high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $70.06 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.47 and a beta of 0.89. The firm has a 50 day moving average of $113.14 and a two-hundred day moving average of $117.23.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. On average, research analysts anticipate that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

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