Savant Capital LLC Has $369,000 Holdings in Canadian National Railway Company $CNI

Savant Capital LLC reduced its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 55.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,734 shares of the transportation company’s stock after selling 4,720 shares during the quarter. Savant Capital LLC’s holdings in Canadian National Railway were worth $369,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cardinal Point Capital Management ULC boosted its stake in shares of Canadian National Railway by 28.8% during the third quarter. Cardinal Point Capital Management ULC now owns 124,426 shares of the transportation company’s stock valued at $11,730,000 after purchasing an additional 27,857 shares in the last quarter. Lincluden Management Ltd. boosted its stake in shares of Canadian National Railway by 4.1% during the third quarter. Lincluden Management Ltd. now owns 434,344 shares of the transportation company’s stock valued at $40,717,000 after purchasing an additional 17,257 shares in the last quarter. Kensington Investment Counsel LLC acquired a new stake in shares of Canadian National Railway during the third quarter valued at about $3,079,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Canadian National Railway during the third quarter valued at about $32,174,000. Finally, Scharf Investments LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at about $8,283,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $120.50 on Friday. The stock’s 50 day moving average is $111.57 and its 200 day moving average is $104.63. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market cap of $73.23 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.29 and a beta of 0.96. Canadian National Railway Company has a one year low of $90.74 and a one year high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts’ consensus estimates of $1.31. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 earnings per share. As a group, research analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s payout ratio is currently 48.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNI. Citigroup lifted their price target on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their price target on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Sanford C. Bernstein lifted their price target on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Barclays lifted their price target on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.