Canadian National Railway Company $CNI Shares Sold by Capital International Inc. CA

Key Points

• Capital International Inc. CA cut its stake in Canadian National Railway by 8% in Q3, selling 23,595 shares and now holds 271,114 shares valued at about $25.57 million.
• Canadian National reported quarterly EPS of $1.49, beating the $1.43 consensus, but revenue of $3.24 billion missed the $4.43 billion estimate while net margin remained strong at 27.28%.
• The company raised its quarterly dividend to $0.915 (annualized $3.66), implying a ~3.4% yield; the ex-dividend date is March 10 and the payment date is March 31.

Capital International Inc. CA cut its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,114 shares of the transportation company's stock after selling 23,595 shares during the period. Capital International Inc. CA's holdings in Canadian National Railway were worth $25,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNI. AQR Capital Management LLC acquired a new stake in Canadian National Railway in the 1st quarter valued at about $311,000. Focus Partners Wealth grew its position in shares of Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company's stock worth $1,122,000 after buying an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Canadian National Railway during the second quarter worth about $202,000. Savant Capital LLC increased its stake in shares of Canadian National Railway by 24.5% during the second quarter. Savant Capital LLC now owns 10,580 shares of the transportation company's stock worth $1,101,000 after buying an additional 2,085 shares during the period. Finally, Midwest Trust Co purchased a new stake in shares of Canadian National Railway during the second quarter worth approximately $229,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNI has been the subject of a number of recent research reports. Evercore decreased their price target on shares of Canadian National Railway from $105.00 to $103.00 and set an "in-line" rating for the company in a research note on Monday, February 2nd. Zacks Research upgraded shares of Canadian National Railway from a "strong sell" rating to a "hold" rating in a report on Friday, November 28th. Canadian Imperial Bank of Commerce raised shares of Canadian National Railway from a "hold" rating to an "outperformer" rating and lifted their price objective for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Stephens lowered their target price on shares of Canadian National Railway from $105.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, February 2nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Canadian National Railway 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $118.91.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $106.42 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $113.08. The firm's 50 day moving average is $103.30 and its two-hundred day moving average is $98.37. The firm has a market capitalization of $65.25 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.24 and a beta of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The company's revenue was up 2.4% compared to the same quarter last year. Research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be given a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.4%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway's dividend payout ratio is presently 46.59%.

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.

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