CHICAGO TRUST Co NA Sells 498 Shares of Canadian National Railway (NYSE:CNI)

CHICAGO TRUST Co NA trimmed its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,173 shares of the transportation company’s stock after selling 498 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Canadian National Railway were worth $894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Polar Asset Management Partners Inc. raised its holdings in shares of Canadian National Railway by 233.3% in the 4th quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company’s stock valued at $2,537,000 after purchasing an additional 17,500 shares during the period. Cypress Asset Management Inc. TX bought a new position in Canadian National Railway in the 4th quarter valued at about $875,000. CIBC Asset Management Inc raised its holdings in Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock valued at $519,843,000 after acquiring an additional 571,967 shares during the period. Focus Partners Wealth raised its holdings in Canadian National Railway by 6.7% in the 4th quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company’s stock valued at $1,078,000 after acquiring an additional 655 shares during the period. Finally, TD Asset Management Inc. raised its holdings in Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock valued at $1,194,443,000 after acquiring an additional 309,210 shares during the period. 80.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

CNI has been the topic of several research analyst reports. Evercore ISI lowered their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Bank of America increased their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Jefferies Financial Group lowered their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.52.

Canadian National Railway Stock Down 0.6%

Shares of CNI opened at $104.92 on Monday. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $125.87. The firm’s 50 day moving average is $101.11 and its 200-day moving average is $102.04. The stock has a market capitalization of $65.94 billion, a PE ratio of 20.49, a P/E/G ratio of 1.95 and a beta of 0.98. 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 announced its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $0.8875 dividend. This represents a yield of 2.47%. This is a boost from Canadian National Railway’s previous dividend of $0.29. The ex-dividend date is Monday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is 50.29%.

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.