O Shaughnessy Asset Management LLC Lowers Stake in Canadian National Railway (NYSE:CNI)

O Shaughnessy Asset Management LLC lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,349 shares of the transportation company’s stock after selling 20,738 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Canadian National Railway were worth $13,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. Clearbridge Investments LLC increased its position in shares of Canadian National Railway by 11.2% during the fourth quarter. Clearbridge Investments LLC now owns 1,281,715 shares of the transportation company’s stock worth $130,107,000 after acquiring an additional 128,966 shares during the period. ClearBridge Investments Ltd increased its holdings in Canadian National Railway by 73.2% during the 4th quarter. ClearBridge Investments Ltd now owns 804,212 shares of the transportation company’s stock worth $81,636,000 after purchasing an additional 339,774 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Canadian National Railway by 29.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company’s stock worth $488,488,000 after buying an additional 1,102,977 shares during the period. Allianz SE bought a new position in shares of Canadian National Railway during the 4th quarter worth $465,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Canadian National Railway by 55.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,553 shares of the transportation company’s stock valued at $158,000 after buying an additional 555 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI stock opened at $97.39 on Monday. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.27. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a market capitalization of $61.20 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.95 and a beta of 0.91. The stock’s 50-day simple moving average is $101.07 and its 200-day simple moving average is $106.51.

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

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. Canadian National Railway’s dividend payout ratio (DPR) is 47.66%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CNI shares. Bank of America lowered their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $124.02.

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.