Unigestion Holding SA Sells 7,944 Shares of Canadian National Railway (NYSE:CNI)

Unigestion Holding SA cut its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,936 shares of the transportation company's stock after selling 7,944 shares during the period. Unigestion Holding SA's holdings in Canadian National Railway were worth $14,784,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CNI. Townsquare Capital LLC purchased a new position in Canadian National Railway in the third quarter valued at about $240,000. Benjamin Edwards Inc. bought a new position in Canadian National Railway during the third quarter valued at $478,000. Hilltop Holdings Inc. grew its holdings in Canadian National Railway by 27.2% during the third quarter. Hilltop Holdings Inc. now owns 2,903 shares of the transportation company's stock valued at $340,000 after purchasing an additional 620 shares during the period. Janus Henderson Group PLC increased its position in Canadian National Railway by 98.8% in the third quarter. Janus Henderson Group PLC now owns 130,323 shares of the transportation company's stock worth $15,231,000 after buying an additional 64,783 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Canadian National Railway by 3.0% in the third quarter. Quantinno Capital Management LP now owns 24,986 shares of the transportation company's stock valued at $2,927,000 after buying an additional 720 shares during the period. 80.74% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Barclays dropped their price target 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. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $121.19.

Canadian National Railway Price Performance

CNI traded up $2.58 during midday trading on Friday, hitting $98.39. The stock had a trading volume of 466,062 shares, compared to its average volume of 1,267,030. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $132.27. 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 business has a fifty day moving average of $99.40 and a 200 day moving average of $105.01. The company has a market cap of $61.83 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

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

About Canadian National Railway

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.