Partners Group Holding AG Sells 4,425 Shares of Canadian National Railway (NYSE:CNI)

Partners Group Holding AG lessened its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 401,641 shares of the transportation company's stock after selling 4,425 shares during the period. Canadian National Railway comprises 1.5% of Partners Group Holding AG's portfolio, making the stock its 15th biggest holding. Partners Group Holding AG owned approximately 0.06% of Canadian National Railway worth $40,827,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CNI. Vanguard Group Inc. lifted its position in shares of Canadian National Railway by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after acquiring an additional 101,228 shares during the period. Wellington Management Group LLP increased its holdings in Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock valued at $2,175,935,000 after buying an additional 790,420 shares during the period. National Bank of Canada FI boosted its position in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after acquiring an additional 2,137,948 shares in the last quarter. Fiera Capital Corp boosted its position in shares of Canadian National Railway by 2.6% during the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock valued at $570,550,000 after acquiring an additional 142,070 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after acquiring an additional 571,967 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms recently commented on CNI. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Barclays decreased their price target on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.19.

Canadian National Railway Trading Down 0.3 %

CNI stock traded down $0.27 during midday trading on Tuesday, hitting $98.43. 911,564 shares of the company's stock were exchanged, compared to its average volume of 1,187,429. Canadian National Railway has a one year low of $93.64 and a one year high of $132.73. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $61.85 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The stock's fifty day moving average price is $101.24 and its 200-day moving average price is $106.99.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

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.