Sterling Capital Management LLC Decreases Stock Holdings in Canadian National Railway (NYSE:CNI)

Sterling Capital Management LLC trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,171 shares of the transportation company’s stock after selling 518 shares during the period. Sterling Capital Management LLC’s holdings in Canadian National Railway were worth $423,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC raised its holdings in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of CNI opened at $99.21 on Friday. The company has a market cap of $62.35 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.95 and a beta of 0.93. The business’s fifty day simple moving average is $98.99 and its two-hundred day simple moving average is $104.37. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $130.63. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data 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%. Research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.48%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. Canadian National Railway’s payout ratio is presently 47.66%.

Analyst Ratings Changes

A number of research firms recently issued reports on CNI. Barclays decreased their price target on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Stifel Nicolaus dropped their price target on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group decreased their price objective on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Citigroup dropped their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $120.36.

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.