Radnor Capital Management LLC Cuts Stake in Canadian National Railway (NYSE:CNI)

Radnor Capital Management LLC lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 22.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,100 shares of the transportation company’s stock after selling 600 shares during the quarter. Radnor Capital Management LLC’s holdings in Canadian National Railway were worth $213,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd raised its holdings in Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after buying an additional 4,698 shares during the last quarter. Unigestion Holding SA increased its position in shares of Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after acquiring an additional 120,687 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Canadian National Railway by 29.6% in the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after acquiring an additional 21,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Canadian National Railway by 5.4% in the 3rd 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 acquiring an additional 202,303 shares in the last quarter. Finally, Partners Group Holding AG boosted its stake in Canadian National Railway by 16.3% during the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock valued at $47,571,000 after purchasing an additional 56,849 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

NYSE:CNI opened at $101.98 on Friday. The business’s 50-day simple moving average is $105.85 and its two-hundred day simple moving average is $112.09. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The stock has a market cap of $64.13 billion, a PE ratio of 16.34, a P/E/G ratio of 2.21 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts forecast that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $0.6108 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.30%.

Analysts Set New Price Targets

CNI has been the topic of a number of research analyst reports. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Stifel Nicolaus upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their target price for the stock from $132.00 to $120.00 in a report on Thursday. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group reduced their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.77.

Canadian National Railway Profile

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.