DekaBank Deutsche Girozentrale Decreases Stock Position in Canadian National Railway (NYSE:CNI)

DekaBank Deutsche Girozentrale trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,770 shares of the transportation company’s stock after selling 25,436 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.07% of Canadian National Railway worth $53,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CNI. Farrow Financial Inc. lifted its holdings in shares of Canadian National Railway by 14.7% in the 3rd quarter. Farrow Financial Inc. now owns 18,440 shares of the transportation company’s stock worth $2,160,000 after acquiring an additional 2,361 shares during the last quarter. Pathway Financial Advisers LLC raised its position in Canadian National Railway by 11,610.3% in the 3rd quarter. Pathway Financial Advisers LLC now owns 178,114 shares of the transportation company’s stock worth $20,866,000 after purchasing an additional 176,593 shares during the period. Forsta AP Fonden lifted its stake in Canadian National Railway by 14.6% in the third quarter. Forsta AP Fonden now owns 139,200 shares of the transportation company’s stock worth $16,318,000 after purchasing an additional 17,700 shares during the last quarter. Outlook Wealth Advisors LLC boosted its position in shares of Canadian National Railway by 12.7% during the third quarter. Outlook Wealth Advisors LLC now owns 2,690 shares of the transportation company’s stock valued at $315,000 after buying an additional 303 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its position in shares of Canadian National Railway by 1.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 13,320 shares of the transportation company’s stock valued at $1,560,000 after buying an additional 218 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the subject of a number of research analyst reports. Citigroup raised their price target on Canadian National Railway from $125.00 to $126.00 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target on the stock in a report on Monday, October 7th. Sanford C. Bernstein decreased their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Susquehanna dropped their price target on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $125.18.

Canadian National Railway Price Performance

Shares of CNI opened at $110.97 on Monday. The company has a 50 day moving average of $115.93 and a two-hundred day moving average of $119.36. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a market cap of $69.78 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 2.49 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts predict that Canadian National Railway will post 5.54 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.26%.

Canadian National Railway Company 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.