Canadian National Railway (NYSE:CNI) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 214,182 shares of the transportation company's stock after buying an additional 13,149 shares during the period. Natixis Advisors LLC's holdings in Canadian National Railway were worth $25,091,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Canadian National Railway during the 2nd quarter valued at $26,000. Addison Advisors LLC lifted its position in Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock worth $28,000 after buying an additional 148 shares during the last quarter. Fortitude Family Office LLC increased its stake in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock worth $30,000 after purchasing an additional 229 shares during the period. ORG Partners LLC purchased a new position in shares of Canadian National Railway during the second quarter valued at approximately $34,000. Finally, Coastline Trust Co purchased a new position in shares of Canadian National Railway during the third quarter valued at approximately $34,000. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CNI has been the topic of several recent research reports. Bank of America cut Canadian National Railway from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a report on Thursday, October 24th. Stephens reissued an "equal weight" rating and issued a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Royal Bank of Canada raised Canadian National Railway from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Finally, Susquehanna dropped their target price on Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.48.

Canadian National Railway Trading Down 1.6 %

Shares of CNI traded down $1.78 during mid-day trading on Tuesday, hitting $106.75. The company had a trading volume of 627,221 shares, compared to its average volume of 1,114,033. The stock has a market cap of $67.23 billion, a PE ratio of 17.39, a P/E/G ratio of 2.46 and a beta of 0.89. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 1-year low of $106.56 and a 1-year high of $134.02. The business's 50-day simple moving average is $113.87 and its 200-day simple moving average is $117.58.

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

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.29%. Canadian National Railway's payout ratio 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.