Keybank National Association OH Trims Stock Holdings in Canadian National Railway (NYSE:CNI)

Keybank National Association OH reduced its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,132 shares of the transportation company’s stock after selling 658 shares during the quarter. Keybank National Association OH’s holdings in Canadian National Railway were worth $2,348,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in 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 acquiring an additional 108 shares during the period. Crestwood Advisors Group LLC grew its position in shares of Canadian National Railway by 4.2% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after purchasing an additional 114 shares in the last quarter. Catalytic Wealth RIA LLC raised its stake in shares of Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after purchasing an additional 123 shares during the period. Addison Advisors LLC lifted its holdings in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Canadian National Railway by 3.1% in the 3rd quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock worth $583,000 after purchasing an additional 152 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $102.03 on Friday. The stock’s 50-day moving average is $102.27 and its 200 day moving average is $108.72. The stock has a market cap of $64.10 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1-year low of $96.28 and a 1-year high of $134.02. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly 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%. On average, sell-side analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.41%. Canadian National Railway’s payout ratio is currently 47.66%.

Analyst Upgrades and Downgrades

CNI has been the topic of several analyst reports. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Royal Bank of Canada decreased their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Barclays cut their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.19.

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.