Fiera Capital Corp Reduces Position in Canadian National Railway Company (NYSE:CNI)

Key Points

• Fiera Capital Corp reduced its holdings in Canadian National Railway Company (CNI) by 2.8% in the first quarter, now owning 5,469,682 shares worth approximately $532.8 million.
• A recent earnings report showed that Canadian National Railway missed analysts' expectations, posting $1.35 earnings per share against a consensus estimate of $1.37.
• The company announced a quarterly dividend increase to $0.6507 per share, up from the previous $0.62, indicating a commitment to returning value to shareholders.

Fiera Capital Corp lessened its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,469,682 shares of the transportation company's stock after selling 154,912 shares during the period. Canadian National Railway makes up 1.9% of Fiera Capital Corp's investment portfolio, making the stock its 15th largest position. Fiera Capital Corp owned 0.87% of Canadian National Railway worth $532,815,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CNI. Bruce G. Allen Investments LLC lifted its stake in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. CX Institutional acquired a new position in shares of Canadian National Railway in the 1st quarter valued at $39,000. Dunhill Financial LLC raised its holdings in shares of Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after buying an additional 510 shares during the period. GAMMA Investing LLC lifted its stake in Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after acquiring an additional 171 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Canadian National Railway by 57.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 819 shares of the transportation company's stock worth $80,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada decreased their target price on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI lowered Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price on the stock. in a research note on Wednesday, July 23rd. Barclays decreased their target price on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Argus raised Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Finally, Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of "Hold" and an average target price of $118.36.

Canadian National Railway Stock Down 0.5%

Shares of CNI traded down $0.51 during mid-day trading on Friday, reaching $92.94. The company's stock had a trading volume of 1,246,066 shares, compared to its average volume of 1,484,458. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12. The stock has a market cap of $58.22 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The company's 50 day moving average is $102.74 and its 200 day moving average is $101.30.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The company's revenue was down 1.3% compared to the same quarter last year. Equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be paid a dividend of $0.6507 per share. The ex-dividend date is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is 50.19%.

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.