Canadian National Railway Company $CNI Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC trimmed its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 33.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Canadian National Railway were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNI. Tacita Capital Inc lifted its holdings in shares of Canadian National Railway by 0.6% during the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock valued at $1,960,000 after acquiring an additional 109 shares during the period. Roberts Glore & Co. Inc. IL lifted its holdings in shares of Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 110 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Canadian National Railway by 10.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 113 shares during the period. Patten Group Inc. lifted its holdings in shares of Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock valued at $823,000 after acquiring an additional 114 shares during the period. Finally, ICW Investment Advisors LLC lifted its holdings in shares of Canadian National Railway by 0.7% during the third quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock valued at $1,558,000 after acquiring an additional 120 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNI has been the subject of a number of analyst reports. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Canadian Imperial Bank of Commerce lifted their price objective on Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a report on Tuesday. Barclays lifted their price objective on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Sanford C. Bernstein lifted their price target on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada lifted their price target on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $118.30 on Friday. The stock has a 50-day simple moving average of $113.01 and a 200 day simple moving average of $105.44. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $122.48. The stock has a market capitalization of $71.77 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.28 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts anticipate that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s payout ratio is currently 48.55%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.