Canadian National Railway (NYSE:CNI) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,104 shares of the transportation company’s stock after selling 340 shares during the quarter. Signaturefd LLC’s holdings in Canadian National Railway were worth $1,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares during the period. Ballentine Partners LLC purchased a new stake in Canadian National Railway during the first quarter worth $203,000. Sunbelt Securities Inc. boosted its position in Canadian National Railway by 6.6% during the first quarter. Sunbelt Securities Inc. now owns 3,161 shares of the transportation company’s stock worth $416,000 after purchasing an additional 197 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in Canadian National Railway by 15.1% in the first quarter. Janiczek Wealth Management LLC now owns 1,059 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 139 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its position in shares of Canadian National Railway by 1.1% in the first quarter. Stokes Capital Advisors LLC now owns 51,379 shares of the transportation company’s stock valued at $6,767,000 after buying an additional 582 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CNI. Citigroup initiated coverage on shares of Canadian National Railway in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $125.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Finally, Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $125.10.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $111.99 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. The firm has a market capitalization of $70.82 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a 50 day moving average price of $116.02 and a 200 day moving average price of $119.72.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. Sell-side analysts anticipate that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.18%. Canadian National Railway’s dividend payout ratio (DPR) is 39.07%.

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.