Yousif Capital Management LLC Sells 2,980 Shares of Canadian National Railway (NYSE:CNI)

Yousif Capital Management LLC lessened its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 31.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,511 shares of the transportation company's stock after selling 2,980 shares during the period. Yousif Capital Management LLC's holdings in Canadian National Railway were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Canadian National Railway by 4.4% during 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 purchasing an additional 790,420 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after acquiring an additional 2,137,948 shares during the period. Fiera Capital Corp lifted its position in Canadian National Railway by 0.7% during the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company's stock valued at $642,828,000 after purchasing an additional 39,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock valued at $464,002,000 after purchasing an additional 202,303 shares during the period. Finally, Geode Capital Management LLC grew its position in Canadian National Railway by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock worth $302,895,000 after purchasing an additional 158,757 shares during the period. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

CNI stock traded up $1.43 during midday trading on Thursday, hitting $103.81. The company's stock had a trading volume of 940,232 shares, compared to its average volume of 1,371,759. The firm has a market capitalization of $65.22 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The company has a 50 day moving average of $102.66 and a two-hundred day moving average of $109.51.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. On average, analysts expect that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.37%. Canadian National Railway's dividend payout ratio is presently 46.68%.

Analyst Ratings Changes

CNI has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Stephens reissued an "equal weight" rating and set a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Finally, Veritas upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Two equities 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.19.

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.