Great Lakes Advisors LLC Sells 32,464 Shares of Canadian National Railway (NYSE:CNI)

Great Lakes Advisors LLC lowered its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 15.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 180,964 shares of the transportation company’s stock after selling 32,464 shares during the quarter. Great Lakes Advisors LLC’s holdings in Canadian National Railway were worth $21,377,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Bfsg LLC raised its holdings in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after purchasing an additional 105 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway during the second quarter worth approximately $26,000. GAMMA Investing LLC lifted its holdings in Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares during the period. Addison Advisors LLC lifted its holdings in Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares during the period. Finally, ORG Partners LLC bought a new position in Canadian National Railway in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Down 1.1 %

CNI stock traded down $1.34 during midday trading on Friday, hitting $115.37. The company’s stock had a trading volume of 1,926,553 shares, compared to its average volume of 1,076,060. The company’s fifty day moving average price is $116.24 and its 200 day moving average price is $123.05. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The stock has a market capitalization of $72.96 billion, a P/E ratio of 18.39, a PEG ratio of 2.41 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the firm posted $1.31 EPS. Canadian National Railway’s revenue was up 6.7% compared to the same quarter last year. As a group, equities research analysts predict that Canadian National Railway will post 5.64 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.07%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNI. Susquehanna cut their price target on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus decreased their target price on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Sanford C. Bernstein downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their price target for the company from $146.25 to $130.67 in a research report on Monday, July 8th. StockNews.com lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Sixteen investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $138.35.

Canadian National Railway Company 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.