Canadian National Railway Company $CNI Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC cut its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 20.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,783 shares of the transportation company’s stock after selling 5,130 shares during the quarter. Intech Investment Management LLC’s holdings in Canadian National Railway were worth $1,866,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CNI. Vanguard Group Inc. lifted its position in shares of Canadian National Railway by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 24,300,252 shares of the transportation company’s stock worth $2,291,562,000 after buying an additional 372,859 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Canadian National Railway by 26.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company’s stock valued at $695,048,000 after purchasing an additional 1,408,978 shares during the period. Fiera Capital Corp grew its stake in Canadian National Railway by 11.6% during the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock worth $610,076,000 after buying an additional 671,127 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Canadian National Railway by 20.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,296,828 shares of the transportation company’s stock worth $655,768,000 after buying an additional 1,051,977 shares during the last quarter. Finally, Norges Bank acquired a new stake in Canadian National Railway in the second quarter worth $591,904,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $110.76 on Thursday. The stock has a market cap of $67.91 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.47. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $113.08. The stock’s 50 day moving average price is $102.60 and its 200 day moving average price is $97.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the firm earned $1.82 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. Canadian National Railway’s dividend payout ratio is presently 46.59%.

Wall Street Analysts Forecast Growth

CNI has been the subject of several recent research reports. UBS Group lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Stephens decreased their target price on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Evercore dropped their price target on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research note on Monday, February 2nd. Barclays cut their price target on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Finally, Citigroup reduced their price objective on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.