Natixis Advisors LLC Sells 2,031 Shares of Canadian National Railway (NYSE:CNI)

Natixis Advisors LLC reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,151 shares of the transportation company’s stock after selling 2,031 shares during the quarter. Natixis Advisors LLC’s holdings in Canadian National Railway were worth $21,536,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CNI. National Bank of Canada FI boosted its position in shares of Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after acquiring an additional 2,137,948 shares during the period. Canoe Financial LP purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $216,943,000. Point72 Asset Management L.P. purchased a new stake in Canadian National Railway in the third quarter valued at approximately $159,907,000. Wellington Management Group LLP raised its stake in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after purchasing an additional 790,420 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in Canadian National Railway by 64.5% in the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after purchasing an additional 584,832 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, January 10th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Barclays lowered their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Up 0.6 %

Shares of NYSE CNI opened at $98.28 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $134.02. The firm’s fifty day moving average is $101.67 and its 200 day moving average is $107.71. The company has a market cap of $61.76 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.51%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 47.66%.

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.