Banque Transatlantique SA Sells 28,715 Shares of Canadian National Railway Company $CNI

Key Points

• Banque Transatlantique SA reduced its stake in Canadian National Railway by 15% in the fourth quarter, selling 28,715 shares and ending with 163,025 shares valued at about $16.14 million.
• Wall Street remains mixed on CNI: analysts have a consensus “Hold” rating with an average price target of $122.04, even as some firms recently raised their targets and issued buy/outperform ratings.
• The company reported solid quarterly results and a dividend, matching earnings and revenue estimates, while also announcing a quarterly dividend of $0.915 per share, or $3.66 annually, for a 3.2% yield.

Banque Transatlantique SA trimmed its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,025 shares of the transportation company's stock after selling 28,715 shares during the quarter. Banque Transatlantique SA's holdings in Canadian National Railway were worth $16,142,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CNI. MidFirst Bank acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $31,000. Ruggaard & Associates LLC increased its stake in Canadian National Railway by 3.8% during the 4th quarter. Ruggaard & Associates LLC now owns 3,326 shares of the transportation company's stock worth $329,000 after purchasing an additional 123 shares in the last quarter. Compound Planning Inc. raised its holdings in Canadian National Railway by 21.9% during the 4th quarter. Compound Planning Inc. now owns 3,595 shares of the transportation company's stock worth $355,000 after buying an additional 647 shares during the period. Invesco Ltd. raised its holdings in Canadian National Railway by 24.8% during the 4th quarter. Invesco Ltd. now owns 1,089,190 shares of the transportation company's stock worth $107,666,000 after buying an additional 216,316 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Canadian National Railway by 19.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,419 shares of the transportation company's stock valued at $1,129,000 after buying an additional 1,844 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CNI shares. Barclays increased their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Canadian National Railway from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Canadian Imperial Bank of Commerce increased their target price on Canadian National Railway from C$164.00 to C$182.00 and gave the stock an "outperformer" rating in a report on Tuesday, June 9th. Citigroup lifted their price target on Canadian National Railway from $123.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein boosted their price target 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. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $122.04.

Canadian National Railway Stock Down 0.5%

CNI stock opened at $113.42 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average price of $114.19 and a two-hundred day moving average price of $106.25. The company has a market cap of $68.81 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.18 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting the consensus estimate of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 EPS. Analysts anticipate that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway's payout ratio is presently 48.55%.

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.

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