Titan Global Capital Management USA LLC Trims Holdings in Canadian National Railway (NYSE:CNI)

Titan Global Capital Management USA LLC lowered its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,365 shares of the transportation company’s stock after selling 1,031 shares during the quarter. Titan Global Capital Management USA LLC’s holdings in Canadian National Railway were worth $1,560,000 at the end of the most recent quarter.

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

Canadian National Railway Stock Down 2.6 %

Shares of CNI stock opened at $95.75 on Friday. 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 $132.27. The stock has a market cap of $60.17 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a 50 day simple moving average of $99.40 and a two-hundred day simple moving average of $105.01.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNI. Bank of America decreased their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Citigroup lowered their price objective on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Two equities 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. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of $121.19.

Canadian National Railway 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.