Thoroughbred Financial Services LLC Sells 291 Shares of Canadian National Railway (NYSE:CNI)

Thoroughbred Financial Services LLC trimmed its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,635 shares of the transportation company’s stock after selling 291 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Canadian National Railway were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock worth $2,334,251,000 after purchasing an additional 101,228 shares during the period. TD Asset Management Inc. grew its stake in shares of Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock worth $1,194,443,000 after buying an additional 309,210 shares during the last quarter. National Bank of Canada FI increased its position in Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after buying an additional 2,137,948 shares in the last quarter. Fiera Capital Corp raised its stake in Canadian National Railway by 2.6% during the fourth quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock valued at $570,550,000 after buying an additional 142,070 shares during the last quarter. Finally, Norges Bank bought a new stake in Canadian National Railway in the fourth quarter worth $563,048,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Down 1.6 %

Canadian National Railway stock opened at $96.61 on Friday. Canadian National Railway has a one year low of $93.64 and a one year high of $132.27. The stock has a fifty day moving average of $100.46 and a 200 day moving average of $105.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a market cap of $60.71 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly 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 net margin of 26.09% and a return on equity of 22.48%. As a group, sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.6159 per share. 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. This represents a $2.46 annualized dividend and a yield of 2.55%. Canadian National Railway’s payout ratio is 47.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CNI. Susquehanna reduced their price target on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Wells Fargo & Company reduced their price objective on shares of 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. Stifel Nicolaus upped their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating 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 target for the company in a research report on Friday, January 10th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $123.36.

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.