QS Investors LLC Has $1.77 Million Stake in Canadian National Railway (CNI)

QS Investors LLC trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,441 shares of the transportation company’s stock after selling 2,035 shares during the period. QS Investors LLC’s holdings in Canadian National Railway were worth $1,769,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. ETRADE Capital Management LLC raised its stake in shares of Canadian National Railway by 4.5% during the 3rd quarter. ETRADE Capital Management LLC now owns 15,565 shares of the transportation company’s stock worth $1,290,000 after buying an additional 670 shares in the last quarter. Guardian Capital Advisors LP raised its stake in shares of Canadian National Railway by 0.3% during the 3rd quarter. Guardian Capital Advisors LP now owns 216,729 shares of the transportation company’s stock worth $22,220,000 after buying an additional 675 shares in the last quarter. Atria Investments LLC raised its stake in shares of Canadian National Railway by 15.3% during the 4th quarter. Atria Investments LLC now owns 5,356 shares of the transportation company’s stock worth $442,000 after buying an additional 710 shares in the last quarter. Zions Bancorporation raised its stake in shares of Canadian National Railway by 27.9% during the 3rd quarter. Zions Bancorporation now owns 3,528 shares of the transportation company’s stock worth $292,000 after buying an additional 769 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Canadian National Railway by 18.4% during the 3rd quarter. Cetera Investment Advisers now owns 5,108 shares of the transportation company’s stock worth $424,000 after buying an additional 795 shares in the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have recently issued reports on CNI shares. TD Securities raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. Zacks Investment Research downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Macquarie raised Canadian National Railway from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 24th. Cowen reaffirmed an “outperform” rating and issued a $90.00 price objective (up from $88.00) on shares of Canadian National Railway in a research note on Wednesday, January 24th. Finally, Credit Suisse Group dropped their price objective on Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Canadian National Railway currently has an average rating of “Hold” and an average target price of $82.57.

CNI stock opened at $72.90 on Wednesday. Canadian National Railway has a one year low of $71.02 and a one year high of $85.73. The firm has a market capitalization of $53,878.52, a P/E ratio of 12.93, a P/E/G ratio of 1.90 and a beta of 1.00. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 0.53.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.61 billion. Canadian National Railway had a net margin of 42.25% and a return on equity of 24.62%. equities analysts predict that Canadian National Railway will post 4.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, March 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s dividend payout ratio is 25.00%.

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About Canadian National Railway

Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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

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