Unigestion Holding SA Lowers Holdings in Canadian National Railway (NYSE:CNI)

Unigestion Holding SA reduced its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.2% during the 4th quarter, HoldingsChannel reports. The firm owned 145,936 shares of the transportation company’s stock after selling 7,944 shares during the period. Unigestion Holding SA’s holdings in Canadian National Railway were worth $14,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CNI. Townsquare Capital LLC bought a new stake in shares of Canadian National Railway in the third quarter valued at about $240,000. Benjamin Edwards Inc. purchased a new position in Canadian National Railway during the 3rd quarter valued at about $478,000. Hilltop Holdings Inc. raised its holdings in shares of Canadian National Railway by 27.2% in the 3rd quarter. Hilltop Holdings Inc. now owns 2,903 shares of the transportation company’s stock valued at $340,000 after purchasing an additional 620 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Canadian National Railway by 98.8% in the 3rd quarter. Janus Henderson Group PLC now owns 130,323 shares of the transportation company’s stock worth $15,231,000 after purchasing an additional 64,783 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Canadian National Railway by 3.0% during the third quarter. Quantinno Capital Management LP now owns 24,986 shares of the transportation company’s stock valued at $2,927,000 after purchasing an additional 720 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 1.6 %

Shares of Canadian National Railway stock opened at $96.61 on Friday. The firm’s 50 day simple moving average is $100.46 and its two-hundred day simple moving average is $105.86. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.27. 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 released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.55%. Canadian National Railway’s payout ratio is 47.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America reduced their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus upped their price objective on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays dropped their price objective on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.36.

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.