Notis McConarty Edward Cuts Stake in Canadian National Railway (NYSE:CNI)

Notis McConarty Edward lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,513 shares of the transportation company’s stock after selling 3,018 shares during the period. Canadian National Railway comprises about 2.0% of Notis McConarty Edward’s holdings, making the stock its 18th biggest position. Notis McConarty Edward’s holdings in Canadian National Railway were worth $4,214,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway during the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway in the fourth quarter worth $30,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNI. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Royal Bank of Canada dropped their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their target price on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Susquehanna reduced their price target on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.36.

Canadian National Railway Trading Down 1.6 %

Shares of Canadian National Railway stock opened at $96.61 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.27. The firm has a market cap of $60.71 billion, a PE ratio of 18.87, a PEG ratio of 1.95 and a beta of 0.93. The company has a 50 day simple moving average of $100.46 and a two-hundred day simple moving average of $105.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (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%. Analysts expect that Canadian National Railway 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.55%. Canadian National Railway’s dividend payout ratio is 47.66%.

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.