Private Capital Advisors Inc. Lowers Stake in Canadian National Railway Company $CNI

Private Capital Advisors Inc. trimmed its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 15.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 36,533 shares of the transportation company’s stock after selling 6,541 shares during the quarter. Canadian National Railway comprises 0.4% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 29th largest holding. Private Capital Advisors Inc.’s holdings in Canadian National Railway were worth $3,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Addison Advisors LLC raised its stake in Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 150 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Canadian National Railway in the third quarter valued at approximately $28,000. First Horizon Corp purchased a new stake in shares of Canadian National Railway during the third quarter worth approximately $30,000. Costello Asset Management INC raised its stake in shares of Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after purchasing an additional 150 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Canadian National Railway during the third quarter worth $50,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE CNI opened at $109.05 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $111.47. The business has a fifty day moving average of $101.31 and a 200-day moving average of $97.33. The stock has a market cap of $66.86 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. As a group, analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $0.915 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.59%.

Wall Street Analyst Weigh In

CNI has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Susquehanna lifted their target price on shares of Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a report on Monday, November 3rd. Canadian Imperial Bank of Commerce upgraded shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and boosted their price target for the stock from $146.00 to $151.00 in a research note on Friday, November 28th. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada lowered their price objective on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.91.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.