UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in Canadian National Railway (NYSE:CNI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 930,050 shares of the transportation company's stock after selling 68,389 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Canadian National Railway worth $108,955,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CNI. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Canadian National Railway in the second quarter valued at about $26,000. Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock worth $28,000 after buying an additional 148 shares in the last quarter. Fortitude Family Office LLC raised its position 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 valued at $30,000 after buying an additional 229 shares during the last quarter. ORG Partners LLC acquired a new position in Canadian National Railway during the 2nd quarter worth approximately $34,000. Finally, Coastline Trust Co bought a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $34,000. Institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Barclays increased their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Citigroup upgraded Canadian National Railway from a "neutral" rating to a "buy" rating and upped their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Susquehanna lowered their price objective 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, Sanford C. Bernstein cut their price objective on Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of "Hold" and a consensus target price of $125.86.

Canadian National Railway Price Performance

Shares of CNI stock traded down $0.56 on Monday, hitting $111.13. 1,692,726 shares of the company's stock were exchanged, compared to its average volume of 1,122,296. Canadian National Railway has a 12 month low of $105.28 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The company has a 50 day moving average of $112.39 and a 200 day moving average of $116.57. The stock has a market cap of $69.99 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89.

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

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway's payout ratio is presently 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.