Tocqueville Asset Management L.P. Sells 240 Shares of Canadian National Railway (NYSE:CNI)

Tocqueville Asset Management L.P. reduced its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.0% during the 4th quarter, Holdings Channel reports. The fund owned 3,211 shares of the transportation company’s stock after selling 240 shares during the period. Tocqueville Asset Management L.P.’s holdings in Canadian National Railway were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway during the fourth quarter worth approximately $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway during the fourth quarter worth approximately $30,000. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Canadian National Railway during the fourth quarter worth approximately $59,000. 80.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CNI. Royal Bank of Canada decreased their price objective 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. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Price Performance

CNI stock opened at $97.70 on Friday. The firm has a market cap of $61.39 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.95 and a beta of 0.91. 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 12-month low of $93.64 and a 12-month high of $134.02. The company’s fifty day simple moving average is $101.34 and its 200 day simple moving average is $107.43.

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%. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.52%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is currently 47.66%.

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.