Meadow Creek Investment Management LLC lessened its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,944 shares of the transportation company’s stock after selling 3,728 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Canadian National Railway were worth $5,358,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in shares of Canadian National Railway in the 4th quarter worth $142,000. Delpha Capital Management LLC bought a new position in shares of Canadian National Railway in the 4th quarter worth $143,000. Goodman Financial Corp bought a new position in shares of Canadian National Railway in the 4th quarter worth $165,000. Security National Bank of SO Dak purchased a new position in Canadian National Railway during the 3rd quarter worth $203,000. Finally, Dean Capital Investments Management LLC purchased a new position in Canadian National Railway during the 4th quarter worth $205,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.
Canadian National Railway (NYSE CNI) traded up $0.05 during trading on Friday, reaching $71.95. The company’s stock had a trading volume of 127,139 shares, compared to its average volume of 1,549,821. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.55. Canadian National Railway has a one year low of $71.58 and a one year high of $85.73. The firm has a market capitalization of $54,537.74, a PE ratio of 12.77, a PEG ratio of 1.95 and a beta of 1.00.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.04). Canadian National Railway had a return on equity of 24.62% and a net margin of 42.25%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.61 billion. analysts anticipate that Canadian National Railway will post 4.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th will be given a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, March 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 25.00%.
Several research analysts recently weighed in on the company. Credit Suisse Group restated a “neutral” rating and set a $75.00 target price (down from $83.00) on shares of Canadian National Railway in a research note on Thursday, March 8th. Bank of America cut Canadian National Railway from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 6th. Cowen reaffirmed an “outperform” rating and issued a $86.00 price target (down previously from $90.00) on shares of Canadian National Railway in a report on Wednesday, February 28th. Deutsche Bank reduced their price target on Canadian National Railway from $74.00 to $69.00 and set a “sell” rating for the company in a report on Friday, February 16th. Finally, Argus cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $82.57.
About Canadian National Railway
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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