Canadian National Railway Co. (CNI) Stake Cut by Aberdeen Asset Management PLC UK

Aberdeen Asset Management PLC UK decreased its stake in shares of Canadian National Railway Co. (NYSE:CNI) by 33.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,275,999 shares of the company’s stock after selling 629,254 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Canadian National Railway were worth $75,359,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock valued at $123,000 after buying an additional 1,071 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Canadian National Railway by 138.7% in the first quarter. Canada Pension Plan Investment Board now owns 161,210 shares of the company’s stock valued at $10,115,000 after buying an additional 93,670 shares during the last quarter. Scotia Capital Inc. boosted its position in Canadian National Railway by 13.5% in the first quarter. Scotia Capital Inc. now owns 1,639,242 shares of the company’s stock valued at $102,368,000 after buying an additional 194,529 shares during the last quarter. Quadrature Capital Ltd boosted its position in Canadian National Railway by 31.1% in the first quarter. Quadrature Capital Ltd now owns 40,900 shares of the company’s stock valued at $2,551,000 after buying an additional 9,700 shares during the last quarter. Finally, AXA boosted its position in Canadian National Railway by 0.8% in the first quarter. AXA now owns 577,422 shares of the company’s stock valued at $36,232,000 after buying an additional 4,464 shares during the last quarter. Hedge funds and other institutional investors own 56.12% of the company’s stock.

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

Shares of Canadian National Railway Co. (NYSE:CNI) traded up 0.18% during mid-day trading on Wednesday, hitting $67.07. 716,671 shares of the company were exchanged. Canadian National Railway Co. has a 12-month low of $46.23 and a 12-month high of $67.66. The firm has a 50 day moving average of $64.77 and a 200 day moving average of $62.15. The company has a market capitalization of $51.75 billion, a price-to-earnings ratio of 19.54 and a beta of 1.10.

Canadian National Railway (NYSE:CNI) last released its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts forecast that Canadian National Railway Co. will post $3.41 earnings per share for the current year.

The firm also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were given a $0.288 dividend. The ex-dividend date was Wednesday, September 7th. Canadian National Railway’s dividend payout ratio is presently 33.43%.

Several equities research analysts have issued reports on CNI shares. Argus started coverage on shares of Canadian National Railway in a report on Tuesday, June 21st. They issued a “buy” rating and a $73.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $85.00 price target on shares of Canadian National Railway in a report on Thursday, July 7th. Cowen and Company boosted their price target on shares of Canadian National Railway from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Raymond James Financial Inc. raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $89.00 price target on shares of Canadian National Railway in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. Canadian National Railway has an average rating of “Hold” and a consensus target price of $74.16.

About Canadian National Railway

Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway Co. (NYSE:CNI).

Receive News & Ratings for Canadian National Railway Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Michael Jordan Gains Ground on Getting His Name Back
Michael Jordan Gains Ground on Getting His Name Back
McDonald’s Keeping As Much As 25% in Hong Kong and China Stores
McDonald’s Keeping As Much As 25% in Hong Kong and China Stores
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday


 
© 2006-2016 Ticker Report. Google+.