Canadian National Railway Company (NYSE:CNI) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.8% in the 1st quarter, HoldingsChannel reports. The fund owned 5,469,682 shares of the transportation company’s stock after selling 154,912 shares during the quarter. Canadian National Railway accounts for approximately 1.9% of Fiera Capital Corp’s investment portfolio, making the stock its 15th biggest holding. Fiera Capital Corp’s holdings in Canadian National Railway were worth $532,815,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CNI. Shell Asset Management Co. lifted its holdings in shares of Canadian National Railway by 0.5% in the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock valued at $2,171,000 after purchasing an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. Heartland Advisors Inc. lifted its holdings in shares of Canadian National Railway by 0.9% in the 1st quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock valued at $1,198,000 after purchasing an additional 108 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock valued at $807,000 after purchasing an additional 112 shares during the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Canadian National Railway by 2.1% in the 1st quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company’s stock valued at $527,000 after purchasing an additional 112 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNI has been the subject of several analyst reports. Barclays reduced their price objective on Canadian National Railway from $106.00 to $99.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Stifel Nicolaus reduced their price objective on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 14th. National Bank Financial downgraded Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on Canadian National Railway from $120.00 to $117.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $118.36.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $95.04 on Tuesday. The company has a market cap of $59.54 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97. The stock has a 50 day simple moving average of $103.47 and a 200-day simple moving average of $101.44. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted $1.84 earnings per share. On average, equities analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a $0.6507 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.74%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio is currently 49.81%.

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.