Canadian National Railway Company $CNI Shares Sold by Findlay Park Partners LLP

Findlay Park Partners LLP reduced its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,463,768 shares of the transportation company’s stock after selling 26,600 shares during the quarter. Findlay Park Partners LLP owned approximately 0.24% of Canadian National Railway worth $138,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cardinal Point Capital Management ULC increased its position in shares of Canadian National Railway by 28.8% in the third quarter. Cardinal Point Capital Management ULC now owns 124,426 shares of the transportation company’s stock worth $11,730,000 after acquiring an additional 27,857 shares in the last quarter. Westerkirk Capital Inc. purchased a new stake in Canadian National Railway during the 2nd quarter worth $3,448,000. Lorne Steinberg Wealth Management Inc. boosted its position in Canadian National Railway by 23.3% during the 3rd quarter. Lorne Steinberg Wealth Management Inc. now owns 83,095 shares of the transportation company’s stock worth $7,834,000 after purchasing an additional 15,715 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in Canadian National Railway by 9.8% in the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 802,257 shares of the transportation company’s stock valued at $83,646,000 after purchasing an additional 71,364 shares in the last quarter. Finally, Cardinal Capital Management Inc. raised its position in Canadian National Railway by 1.5% in the third quarter. Cardinal Capital Management Inc. now owns 742,230 shares of the transportation company’s stock valued at $70,038,000 after purchasing an additional 10,880 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of recent research reports. Royal Bank Of Canada lowered 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. Citigroup lowered their price objective on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Barclays lowered their price target on shares of Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Finally, Stephens cut their price objective on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway Stock Up 1.8%

CNI stock opened at $112.20 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The firm has a 50 day simple moving average of $101.80 and a 200-day simple moving average of $97.55. The company has a market capitalization of $68.79 billion, a P/E ratio of 20.66, a PEG ratio of 2.32 and a beta of 0.94. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $112.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate 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 was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. On average, equities research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, March 10th. Canadian National Railway’s payout ratio is 49.36%.

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.