Envestnet Asset Management Inc. Has $30.65 Million Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Envestnet Asset Management Inc. reduced its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 6.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 314,470 shares of the transportation company's stock after selling 23,375 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of Canadian National Railway worth $30,648,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CNI. Olde Wealth Management LLC bought a new position in shares of Canadian National Railway during the first quarter worth about $155,000. Principal Financial Group Inc. lifted its stake in Canadian National Railway by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock valued at $9,185,000 after acquiring an additional 3,400 shares in the last quarter. Novem Group boosted its position in Canadian National Railway by 33.1% during the 1st quarter. Novem Group now owns 10,633 shares of the transportation company's stock worth $1,036,000 after acquiring an additional 2,643 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE grew its stake in shares of Canadian National Railway by 5.4% during the 1st quarter. Lawson Kroeker Investment Management Inc. NE now owns 34,680 shares of the transportation company's stock worth $3,380,000 after acquiring an additional 1,790 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in shares of Canadian National Railway by 6.5% in the first quarter. Keybank National Association OH now owns 24,640 shares of the transportation company's stock valued at $2,401,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CNI shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $163.00 target price on shares of Canadian National Railway in a research report on Thursday, June 5th. Evercore ISI lowered their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Argus raised Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Finally, Raymond James Financial downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.86.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $103.99 on Tuesday. The company has a market capitalization of $65.15 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.11 and a beta of 0.97. The stock's 50 day moving average is $104.48 and its 200-day moving average is $101.65. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. Canadian National Railway Company has a 12 month low of $91.65 and a 12 month high of $123.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period in the prior year, the firm posted $1.72 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.8875 dividend. This is a boost from Canadian National Railway's previous dividend of $0.29. The ex-dividend date was Monday, June 9th. This represents a yield of 2.47%. Canadian National Railway's payout ratio is 50.49%.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

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