Kidder Stephen W Sells 7,579 Shares of Canadian National Railway Company $CNI

Kidder Stephen W lowered its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 13.4% during the third quarter, HoldingsChannel.com reports. The fund owned 48,880 shares of the transportation company’s stock after selling 7,579 shares during the quarter. Canadian National Railway accounts for about 1.3% of Kidder Stephen W’s holdings, making the stock its 26th biggest position. Kidder Stephen W’s holdings in Canadian National Railway were worth $4,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in shares of Canadian National Railway during the 1st quarter valued at about $311,000. Focus Partners Wealth lifted its stake in Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after buying an additional 1,146 shares during the period. Schnieders Capital Management LLC. acquired a new position in Canadian National Railway in the second quarter valued at approximately $202,000. D.A. Davidson & CO. boosted its holdings in shares of Canadian National Railway by 5.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after buying an additional 119 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of Canadian National Railway during the 2nd quarter worth approximately $218,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 1.0%

NYSE:CNI opened at $110.50 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.47. Canadian National Railway Company has a one year low of $90.74 and a one year high of $110.93. The company has a market cap of $67.75 billion, a PE ratio of 20.35, a PEG ratio of 2.30 and a beta of 0.94. The firm has a 50-day moving average of $100.55 and a 200-day moving average of $96.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 EPS. As a group, equities research analysts expect that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 annualized dividend and a dividend yield of 3.3%. Canadian National Railway’s payout ratio is presently 46.59%.

Analyst Ratings Changes

Several brokerages recently issued reports on CNI. BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Royal Bank Of Canada reduced their target price on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Barclays decreased their target price on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Finally, Zacks Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.91.

About Canadian National Railway

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.