Cullen Frost Bankers Inc. Decreases Stake in Canadian National Railway (NYSE:CNI)

Cullen Frost Bankers Inc. reduced its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,715 shares of the transportation company’s stock after selling 563 shares during the period. Cullen Frost Bankers Inc.’s holdings in Canadian National Railway were worth $479,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. XTX Topco Ltd increased its stake in Canadian National Railway by 43.3% in the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after purchasing an additional 4,698 shares during the period. Principal Financial Group Inc. increased its stake in shares of Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock valued at $10,820,000 after buying an additional 21,100 shares during the period. Unigestion Holding SA increased its stake in shares of Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after buying an additional 120,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after buying an additional 202,303 shares during the period. Finally, Partners Group Holding AG increased its stake in shares of Canadian National Railway by 16.3% during the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock valued at $47,571,000 after buying an additional 56,849 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CNI shares. Royal Bank of Canada reduced their target price on 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. Wells Fargo & Company reduced their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus boosted their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna reduced their target price on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Bank of America dropped their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Trading Down 0.8 %

Canadian National Railway stock opened at $101.12 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The business’s fifty day simple moving average is $102.26 and its two-hundred day simple moving average is $108.60. Canadian National Railway has a 12 month low of $96.28 and a 12 month high of $134.02. The company has a market capitalization of $63.53 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, equities analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.44%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s payout ratio is 47.66%.

About Canadian National Railway

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.