Atwater Malick LLC Lowers Holdings in Canadian National Railway Company $CNI

Atwater Malick LLC cut its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,450 shares of the transportation company’s stock after selling 824 shares during the quarter. Canadian National Railway comprises 2.3% of Atwater Malick LLC’s investment portfolio, making the stock its 19th biggest position. Atwater Malick LLC’s holdings in Canadian National Railway were worth $7,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CNI. Wealth Enhancement Advisory Services LLC lifted its stake in Canadian National Railway by 42.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,325 shares of the transportation company’s stock worth $2,165,000 after purchasing an additional 6,324 shares in the last quarter. GAMMA Investing LLC lifted its stake in Canadian National Railway by 12,692.7% in the 1st quarter. GAMMA Investing LLC now owns 69,976 shares of the transportation company’s stock worth $6,820,000 after purchasing an additional 69,429 shares in the last quarter. First Affirmative Financial Network lifted its stake in Canadian National Railway by 6.0% in the 1st quarter. First Affirmative Financial Network now owns 5,933 shares of the transportation company’s stock worth $578,000 after purchasing an additional 335 shares in the last quarter. Harrington Investments INC lifted its stake in Canadian National Railway by 2.1% in the 1st quarter. Harrington Investments INC now owns 19,929 shares of the transportation company’s stock worth $1,942,000 after purchasing an additional 403 shares in the last quarter. Finally, Stokes Capital Advisors LLC lifted its stake in Canadian National Railway by 2.6% in the 1st quarter. Stokes Capital Advisors LLC now owns 52,398 shares of the transportation company’s stock worth $5,107,000 after purchasing an additional 1,343 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNI has been the topic of several research reports. Barclays lowered their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Thursday. Evercore ISI cut shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 17th. Finally, Bank of America lowered their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $116.69.

Canadian National Railway Price Performance

CNI stock opened at $94.42 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $116.79. The firm’s fifty day moving average is $94.35 and its 200 day moving average is $99.02. The firm has a market cap of $58.61 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.11 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $1.84 EPS. Research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were issued a $0.6507 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s payout ratio is 50.19%.

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.