Canadian National Railway Company $CNI Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 55.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,734 shares of the transportation company’s stock after selling 4,720 shares during the period. Savant Capital LLC’s holdings in Canadian National Railway were worth $369,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. High Point Wealth Management LLC acquired a new position in shares of Canadian National Railway in the 4th quarter worth approximately $27,000. Costello Asset Management INC lifted its holdings in shares of Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 150 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at $39,000. Fulcrum Asset Management LLP purchased a new stake in shares of Canadian National Railway during the third quarter valued at $51,000. Finally, TFC Financial Management Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at $61,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.8%

Shares of Canadian National Railway stock opened at $120.50 on Friday. The stock has a 50-day moving average price of $111.57 and a 200 day moving average price of $104.63. The company 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. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced 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 the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 EPS. As a group, analysts expect that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently announced 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. This represents a $3.66 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is presently 48.73%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CNI shares. Barclays upped their target price on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Royal Bank Of Canada upped their target price on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Sanford C. Bernstein upped their target price on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Finally, Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price 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.