UniSuper Management Pty Ltd Lowers Stock Position in Canadian National Railway (NYSE:CNI)

UniSuper Management Pty Ltd reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 34.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,200 shares of the transportation company’s stock after selling 5,328 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Canadian National Railway were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd increased its position in shares of 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 acquiring an additional 4,698 shares in the last quarter. Unigestion Holding SA raised its position in Canadian National Railway by 363.6% in the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after purchasing an additional 120,687 shares during the period. Synovus Financial Corp lifted its stake in shares of Canadian National Railway by 82.3% during the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after purchasing an additional 6,261 shares in the last quarter. Sustainable Insight Capital Management LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter worth about $436,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Canadian National Railway by 123.7% during the 3rd quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company’s stock valued at $20,170,000 after buying an additional 95,200 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CNI. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Stifel Nicolaus upped their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Bank of America dropped their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Trading Down 0.1 %

NYSE CNI opened at $97.35 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a one year low of $93.64 and a one year high of $132.27. The company has a 50-day simple moving average of $100.98 and a 200-day simple moving average of $106.35. The firm has a market capitalization of $61.17 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 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%. On average, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.53%. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

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.