Canadian National Railway (NYSE:CNI) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 456,770 shares of the transportation company's stock after selling 25,436 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Canadian National Railway worth $53,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GQG Partners LLC boosted its position in Canadian National Railway by 0.8% during the first quarter. GQG Partners LLC now owns 11,424 shares of the transportation company's stock worth $1,505,000 after acquiring an additional 93 shares during the last quarter. Choreo LLC boosted its holdings in Canadian National Railway by 1.5% in the 1st quarter. Choreo LLC now owns 6,427 shares of the transportation company's stock valued at $846,000 after purchasing an additional 97 shares during the last quarter. Grove Bank & Trust boosted its holdings in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock valued at $86,000 after purchasing an additional 97 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Canadian National Railway by 2.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company's stock valued at $547,000 after purchasing an additional 100 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Canadian National Railway by 1.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company's stock valued at $1,105,000 after purchasing an additional 102 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on CNI shares. Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a research note on Thursday. Veritas raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 23rd. Susquehanna reduced their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group reduced their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $125.18.

Canadian National Railway Stock Performance

NYSE:CNI traded up $0.27 during trading hours on Monday, reaching $111.24. 844,812 shares of the company's stock were exchanged, compared to its average volume of 1,113,303. The firm has a market capitalization of $69.95 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.49 and a beta of 0.88. The company has a 50-day moving average of $115.93 and a 200 day moving average of $119.36. 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 $105.17 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Canadian National Railway's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. Research analysts anticipate that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.6108 dividend. 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 presently 39.26%.

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.