Canadian National Railway (NYSE:CNI) Stock Holdings Reduced by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 36.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,535 shares of the transportation company’s stock after selling 12,546 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Canadian National Railway were worth $2,707,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. InterOcean Capital Group LLC boosted its stake in shares of Canadian National Railway by 20.5% during the 4th quarter. InterOcean Capital Group LLC now owns 3,143 shares of the transportation company’s stock worth $395,000 after acquiring an additional 534 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Canadian National Railway by 86.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 688 shares of the transportation company’s stock worth $86,000 after purchasing an additional 319 shares during the last quarter. Journey Strategic Wealth LLC acquired a new position in shares of Canadian National Railway during the 4th quarter worth about $293,000. Assetmark Inc. lifted its position in shares of Canadian National Railway by 5,967.4% during the 4th quarter. Assetmark Inc. now owns 2,609 shares of the transportation company’s stock worth $328,000 after purchasing an additional 2,566 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its position in shares of Canadian National Railway by 16.8% during the 4th quarter. GW&K Investment Management LLC now owns 267,406 shares of the transportation company’s stock worth $33,594,000 after purchasing an additional 38,461 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.4 %

Canadian National Railway stock traded down $0.52 during mid-day trading on Thursday, hitting $127.00. 162,300 shares of the company’s stock were exchanged, compared to its average volume of 993,948. The company’s 50 day simple moving average is $127.95 and its 200-day simple moving average is $124.77. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The firm has a market capitalization of $80.86 billion, a P/E ratio of 20.34, a PEG ratio of 2.22 and a beta of 0.89. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. On average, equities analysts anticipate that Canadian National Railway will post 5.9 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s payout ratio is currently 39.71%.

Analyst Ratings Changes

Several equities analysts have commented on CNI shares. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Susquehanna increased their target price on Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Wells Fargo & Company increased their target price on Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Barclays increased their price target on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Eighteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $149.05.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.