Sterling Investment Management LLC Sells 6,185 Shares of Canadian National Railway Company $CNI

Sterling Investment Management LLC reduced its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,660 shares of the transportation company’s stock after selling 6,185 shares during the quarter. Canadian National Railway accounts for approximately 1.8% of Sterling Investment Management LLC’s investment portfolio, making the stock its 16th largest holding. Sterling Investment Management LLC’s holdings in Canadian National Railway were worth $3,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNI. High Point Wealth Management LLC bought a new position in Canadian National Railway in the fourth quarter worth about $27,000. Hollencrest Capital Management purchased a new stake in shares of Canadian National Railway during the third quarter worth about $28,000. First Horizon Corp purchased a new stake in shares of Canadian National Railway during the third quarter worth about $30,000. Costello Asset Management INC boosted its position in Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Canadian National Railway in the third quarter valued at approximately $50,000. 80.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CNI. Barclays lifted their price target on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Stephens cut their price target on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Citigroup lifted their price target on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Finally, UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Stock Performance

NYSE:CNI opened at $109.31 on Tuesday. The firm’s fifty day moving average price is $107.47 and its 200 day moving average price is $101.40. The firm has a market cap of $66.54 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $115.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.Canadian National Railway’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 earnings per share. On average, sell-side analysts expect that Canadian National Railway Company will post 5.74 EPS for the current year.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.3%. Canadian National Railway’s dividend payout ratio is presently 48.73%.

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.