Mariner LLC Lowers Stake in Canadian National Railway (NYSE:CNI)

Mariner LLC decreased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 24.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 92,405 shares of the transportation company’s stock after selling 30,006 shares during the period. Mariner LLC’s holdings in Canadian National Railway were worth $9,380,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.7 %

CNI stock opened at $99.21 on Friday. The company has a market capitalization of $62.35 billion, a P/E ratio of 19.38, a PEG ratio of 1.95 and a beta of 0.93. The firm has a 50 day simple moving average of $98.99 and a 200-day simple moving average of $104.37. 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 has a twelve month low of $91.65 and a twelve month high of $130.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results 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 net margin of 26.09% and a return on equity of 22.48%. On average, equities research 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Analyst Ratings Changes

Several brokerages have commented on CNI. Citigroup dropped their price target on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group cut their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. 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 for the company in a research note on Friday, January 31st. Stifel Nicolaus reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Bank of America lowered their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of $120.36.

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.