Sterling Capital Management LLC Sells 518 Shares of Canadian National Railway (NYSE:CNI)

Sterling Capital Management LLC reduced its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,171 shares of the transportation company’s stock after selling 518 shares during the period. Sterling Capital Management LLC’s holdings in Canadian National Railway were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the period. Crestwood Advisors Group LLC grew its holdings in Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after purchasing an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. increased its position in Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after buying an additional 139 shares in the last quarter. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Canadian National Railway by 5.0% in the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after buying an additional 156 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Up 0.7 %

Shares of NYSE:CNI opened at $99.21 on Friday. The company has a 50-day moving average price of $98.99 and a 200 day moving average price 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 12 month low of $91.65 and a 12 month high of $130.63. The company has a market cap of $62.35 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.95 and a beta of 0.93.

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 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%. As a group, equities research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNI. Bank of America reduced their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group reduced their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Barclays lowered their target price on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company cut their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Finally, Citigroup lowered their price objective on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.36.

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.