Carret Asset Management LLC Lowers Position in Canadian National Railway (NYSE:CNI)

Carret Asset Management LLC trimmed its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 25.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,066 shares of the transportation company’s stock after selling 6,860 shares during the quarter. Carret Asset Management LLC’s holdings in Canadian National Railway were worth $2,037,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway during the fourth quarter worth approximately $30,000. Addison Advisors LLC grew its stake in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the period. Coastline Trust Co purchased a new stake in Canadian National Railway during the third quarter worth approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNI has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays decreased their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Trading Down 0.9 %

CNI opened at $96.00 on Friday. The stock has a market capitalization of $60.31 billion, a PE ratio of 18.75, a P/E/G ratio of 1.95 and a beta of 0.91. The firm’s fifty day moving average price is $101.87 and its 200 day moving average price is $108.12. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) 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%. As a group, research analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.57%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is 47.85%.

Canadian National Railway Company 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.