Capital International Inc. CA Trims Stake in Canadian National Railway Company $CNI

Capital International Inc. CA cut its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.0% in the third quarter, Holdings Channel reports. The firm owned 271,114 shares of the transportation company’s stock after selling 23,595 shares during the period. Capital International Inc. CA’s holdings in Canadian National Railway were worth $25,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC increased its position in Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after buying an additional 150 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Canadian National Railway in the third quarter valued at approximately $28,000. First Horizon Corp purchased a new position in shares of Canadian National Railway during the third quarter worth approximately $30,000. Costello Asset Management INC grew its position in shares of Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after acquiring an additional 150 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $106.42 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.47. The firm has a market cap of $65.25 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The firm’s fifty day moving average price is $103.30 and its 200 day moving average price is $98.37. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $113.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. Canadian National Railway’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared 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. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio is currently 46.59%.

Analyst Ratings Changes

CNI has been the subject of several research reports. UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Evercore reduced their target price on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Monday, February 2nd. Citigroup decreased their target price on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Finally, Barclays lowered 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. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway 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.