Sanctuary Advisors LLC cut its holdings in Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) by 58.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,763 shares of the transportation company’s stock after selling 8,083 shares during the quarter. Sanctuary Advisors LLC’s holdings in Canadian National Railway were worth $592,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CNI. Scharf Investments LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $8,283,000. Fisher Asset Management LLC increased its position in Canadian National Railway by 10.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock worth $225,356,000 after purchasing an additional 216,963 shares in the last quarter. Norges Bank acquired a new position in Canadian National Railway in the 4th quarter valued at about $570,161,000. Clean Energy Transition LLP acquired a new position in Canadian National Railway in the 4th quarter valued at about $47,268,000. Finally, QV Investors Inc. raised its stake in Canadian National Railway by 7.4% in the 4th quarter. QV Investors Inc. now owns 629,069 shares of the transportation company’s stock valued at $62,299,000 after purchasing an additional 43,523 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.
Canadian National Railway Stock Down 0.4%
Shares of NYSE:CNI opened at $128.90 on Tuesday. The firm has a market cap of $78.12 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.47 and a beta of 0.96. The company has a fifty day simple moving average of $120.48 and a 200 day simple moving average of $110.92. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $131.55.
Canadian National Railway Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.66 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.55%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on CNI shares. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Wells Fargo & Company boosted their price target on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a report on Thursday, June 25th. National Bank Financial set a $124.00 target price on Canadian National Railway in a research note on Thursday, June 25th. Finally, Susquehanna reissued a “neutral” rating and issued a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.40.
Read Our Latest Research Report on CNI
Canadian National Railway News Roundup
Here are the key news stories impacting Canadian National Railway this week:
- Positive Sentiment: Canadian National reported a second-quarter earnings beat, helped by stronger grain and energy volumes that lifted revenue. The company also raised its 2026 outlook, providing a positive signal about freight demand and future earnings potential. Higher fuel costs pressured efficiency, however. Canadian National Q2 Earnings Beat on Grain and Energy Volume Growth
- Positive Sentiment: Royal Bank of Canada raised its price target on CNI to $205 from $195 and maintained an “outperform” rating, indicating substantial expected upside based on its assessment of the railroad’s earnings and operating outlook. Royal Bank of Canada analyst update
- Positive Sentiment: Wells Fargo increased its price target to $145 from $135 and kept an “overweight” rating, reflecting growing confidence in CNI’s business prospects. Wells Fargo analyst update
- Neutral Sentiment: Barclays raised its target to $130 from $109 but retained an “equal weight” rating. The revised target offers limited upside, suggesting the firm sees the shares as broadly fairly valued. Barclays analyst update
- Neutral Sentiment: Analysts collectively assign Canadian National Railway an average “Moderate Buy” rating, indicating constructive but not universally bullish sentiment. Canadian National Railway Receives Moderate Buy Rating
- Negative Sentiment: Higher fuel costs are weighing on efficiency, while the shares’ strong recent run and premium valuation may be encouraging some investors to take profits even after the earnings beat.
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.
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