Private Capital Advisors Inc. Sells 4,455 Shares of Canadian National Railway Company $CNI

Private Capital Advisors Inc. cut its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 12.2% during the 4th quarter, HoldingsChannel reports. The firm owned 32,078 shares of the transportation company’s stock after selling 4,455 shares during the period. Private Capital Advisors Inc.’s holdings in Canadian National Railway were worth $3,171,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CNI. Lazard Asset Management LLC boosted its position in shares of Canadian National Railway by 639,137.0% during the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after purchasing an additional 8,954,310 shares in the last quarter. Troy Asset Management Ltd boosted its holdings in Canadian National Railway by 158.8% in the third quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock worth $258,220,000 after acquiring an additional 1,680,223 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in Canadian National Railway by 1,693.5% in the third quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock worth $164,043,000 after acquiring an additional 1,642,700 shares in the last quarter. Bank of America Corp DE boosted its holdings in Canadian National Railway by 52.0% in the third quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock worth $257,814,000 after acquiring an additional 935,425 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in Canadian National Railway by 11.6% in the third quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock worth $610,076,000 after acquiring an additional 671,127 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CNI. Citigroup boosted their target price on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein boosted their target price on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Trading Up 0.1%

Canadian National Railway stock opened at $114.24 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. Canadian National Railway Company has a one year low of $90.74 and a one year high of $115.80. The stock has a market capitalization of $69.43 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.19 and a beta of 0.95. The business’s fifty day moving average is $108.20 and its 200 day moving average is $103.03.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the firm posted $1.85 earnings per share. Canadian National Railway’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.2%. Canadian National Railway’s dividend payout ratio (DPR) is 48.55%.

Canadian National Railway Profile

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.