Forsta AP Fonden Sells 7,900 Shares of Canadian National Railway Company $CNI

Forsta AP Fonden reduced its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 103,100 shares of the transportation company’s stock after selling 7,900 shares during the quarter. Forsta AP Fonden’s holdings in Canadian National Railway were worth $10,210,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. High Point Wealth Management LLC bought a new position in Canadian National Railway during the fourth quarter valued at about $27,000. Costello Asset Management INC raised its holdings in Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Leonteq Securities AG bought a new position in Canadian National Railway during the fourth quarter valued at about $39,000. Fulcrum Asset Management LLP bought a new position in Canadian National Railway during the third quarter valued at about $51,000. Finally, TFC Financial Management Inc. bought a new position in Canadian National Railway during the fourth quarter valued at about $61,000. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Barclays raised their target price 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. Royal Bank Of Canada raised their target price on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Stephens cut their target price on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $122.04.

Canadian National Railway Trading Down 0.0%

Canadian National Railway stock opened at $118.54 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The business’s 50-day simple moving average is $109.59 and its 200-day simple moving average is $103.86. The firm has a market capitalization of $72.04 billion, a PE ratio of 21.55, a PEG ratio of 2.27 and a beta of 0.96. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $119.87.

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

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.1%. Canadian National Railway’s dividend payout ratio (DPR) is 48.73%.

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.