Titan Global Capital Management USA LLC Lowers Position in Canadian National Railway (NYSE:CNI)

Titan Global Capital Management USA LLC decreased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,365 shares of the transportation company’s stock after selling 1,031 shares during the period. Titan Global Capital Management USA LLC’s holdings in Canadian National Railway were worth $1,560,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway during the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC grew its holdings in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares in the last quarter. 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 valued at $34,000 after acquiring an additional 108 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Citigroup cut their price objective on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average target price of $121.19.

Canadian National Railway Stock Down 2.6 %

CNI opened at $95.75 on Friday. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $132.27. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average price is $99.40 and its 200-day moving average price is $105.01. The company has a market cap of $60.17 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $0.6159 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 47.66%.

About Canadian National Railway

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.