Earnest Partners LLC Sells 232 Shares of Canadian National Railway (NYSE:CNI)

Earnest Partners LLC cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,959 shares of the transportation company’s stock after selling 232 shares during the period. Earnest Partners LLC’s holdings in Canadian National Railway were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the fourth quarter valued at $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% in the fourth 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. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CNI. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Bank of America decreased their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Raymond James lowered Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

Canadian National Railway Price Performance

CNI opened at $96.48 on Tuesday. The stock has a 50-day moving average price of $98.42 and a 200-day moving average price of $103.53. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $129.18. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $60.64 billion, a P/E ratio of 18.84, a PEG ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

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

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.