Canadian National Railway (NYSE:CNI) Shares Sold by Qtron Investments LLC

Qtron Investments LLC decreased its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 41.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,584 shares of the transportation company's stock after selling 3,980 shares during the period. Qtron Investments LLC's holdings in Canadian National Railway were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank bought a new stake in Canadian National Railway during the 4th quarter valued at about $563,048,000. Canoe Financial LP purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $216,943,000. Arrowstreet Capital Limited Partnership grew its stake in Canadian National Railway by 29.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after purchasing an additional 1,102,977 shares in the last quarter. Geode Capital Management LLC increased its holdings in Canadian National Railway by 29.0% during the 4th quarter. Geode Capital Management LLC now owns 3,306,192 shares of the transportation company's stock worth $340,987,000 after purchasing an additional 743,712 shares during the period. Finally, CIBC Asset Management Inc raised its position in Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after purchasing an additional 571,967 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

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Canadian National Railway Stock Performance

NYSE CNI traded down $1.66 on Tuesday, hitting $98.53. 1,106,685 shares of the company's stock traded hands, compared to its average volume of 1,277,692. The firm's 50-day moving average price is $99.19 and its two-hundred day moving average price is $104.66. The firm has a market capitalization of $61.92 billion, a PE ratio of 19.24, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $130.63.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 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%. As a group, analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.6159 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.50%. The ex-dividend date was Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

Analyst Upgrades and Downgrades

CNI has been the topic of several research reports. Bank of America cut their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday. Barclays dropped their price objective on shares of Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Citigroup reduced their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $120.36.

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.