Canadian National Railway (NYSE:CNI) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP decreased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 126,347 shares of the transportation company’s stock after selling 1,325 shares during the quarter. Canadian National Railway makes up 3.0% of Raub Brock Capital Management LP’s portfolio, making the stock its 21st biggest position. Raub Brock Capital Management LP’s holdings in Canadian National Railway were worth $14,802,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of Canadian National Railway in the 2nd quarter worth approximately $134,096,000. Koshinski Asset Management Inc. bought a new position in shares of Canadian National Railway during the first quarter valued at approximately $627,000. Mediolanum International Funds Ltd bought a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $4,451,000. Sumitomo Life Insurance Co. acquired a new stake in Canadian National Railway in the second quarter worth $1,321,000. Finally, Maryland State Retirement & Pension System lifted its stake in Canadian National Railway by 52.6% in the first quarter. Maryland State Retirement & Pension System now owns 30,442 shares of the transportation company’s stock valued at $3,836,000 after buying an additional 10,496 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CNI. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Stifel Nicolaus lowered their price target on Canadian National Railway from $133.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, October 11th. The Goldman Sachs Group decreased their target price 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. Citigroup started coverage on Canadian National Railway in a report on Wednesday, October 9th. They set a “neutral” rating and a $125.00 price objective for the company. Finally, Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $126.02.

Canadian National Railway Trading Down 0.7 %

CNI stock opened at $113.62 on Friday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The stock has a market capitalization of $71.85 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 2.56 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The business has a fifty day moving average price of $115.94 and a 200 day moving average price of $120.16.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. Analysts expect that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a dividend of $0.614 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.16%. Canadian National Railway’s dividend payout ratio is presently 39.07%.

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.