Vestor Capital LLC Reduces Holdings in Canadian National Railway Company $CNI

Vestor Capital LLC trimmed its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 98.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 520 shares of the transportation company’s stock after selling 40,352 shares during the quarter. Vestor Capital LLC’s holdings in Canadian National Railway were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CNI. Western Wealth Management LLC bought a new position in Canadian National Railway in the first quarter worth approximately $77,000. Edgestream Partners L.P. bought a new stake in shares of Canadian National Railway during the 1st quarter valued at $202,000. Guardian Partners Inc. grew its position in shares of Canadian National Railway by 0.4% during the 1st quarter. Guardian Partners Inc. now owns 249,906 shares of the transportation company’s stock valued at $25,715,000 after acquiring an additional 995 shares during the period. Amundi increased its stake in shares of Canadian National Railway by 24.5% in the 1st quarter. Amundi now owns 1,021,905 shares of the transportation company’s stock worth $105,021,000 after purchasing an additional 200,842 shares in the last quarter. Finally, Parvin Asset Management LLC increased its stake in shares of Canadian National Railway by 12.1% in the 1st quarter. Parvin Asset Management LLC now owns 9,010 shares of the transportation company’s stock worth $926,000 after purchasing an additional 970 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CNI. Barclays lifted their target price on Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target for the company in a research report on Thursday, June 25th. Citigroup raised their price objective on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Canadian Imperial Bank of Commerce lifted their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company boosted their price objective on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $137.40.

Canadian National Railway Stock Up 0.0%

Shares of CNI stock opened at $127.15 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.49. Canadian National Railway Company has a one year low of $90.74 and a one year high of $131.55. The company’s fifty day moving average price is $121.62 and its 200-day moving average price is $111.67. The company has a market capitalization of $77.06 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.38 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the firm posted $1.87 EPS. Canadian National Railway’s quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts expect that Canadian National Railway Company will post 5.78 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be paid a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. Canadian National Railway’s dividend payout ratio is 47.34%.

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.