Union Bancaire Privee UBP SA Sells 6,087 Shares of Canadian National Railway (NYSE:CNI)

Union Bancaire Privee UBP SA cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 55.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,816 shares of the transportation company’s stock after selling 6,087 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Canadian National Railway were worth $439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway during the 4th quarter valued at $25,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC lifted its holdings in shares of 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 during the period. Bruce G. Allen Investments LLC lifted its holdings in shares of Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after buying an additional 106 shares during the period. Finally, CX Institutional bought a new position in shares of Canadian National Railway during the 1st quarter valued at $39,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 1.4%

Shares of CNI stock opened at $103.76 on Friday. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $123.96. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a market capitalization of $65.21 billion, a PE ratio of 20.27, a PEG ratio of 1.95 and a beta of 0.98. The stock has a fifty day simple moving average of $101.93 and a two-hundred day simple moving average of $101.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the business posted $1.72 EPS. Canadian National Railway’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.8875 dividend. This represents a yield of 2.47%. The ex-dividend date is Monday, June 9th. This is a positive change from Canadian National Railway’s previous dividend of $0.29. Canadian National Railway’s dividend payout ratio is presently 50.29%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CNI. Royal Bank of Canada reissued an “outperform” rating and set a $163.00 price target on shares of Canadian National Railway in a report on Thursday, June 5th. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Raymond James cut Canadian National Railway from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Finally, Stephens upped their price objective on Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.