Canadian National Railway Company (NYSE:CNI) Position Decreased by GW&K Investment Management LLC

GW&K Investment Management LLC trimmed its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 97.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,796 shares of the transportation company's stock after selling 196,958 shares during the quarter. GW&K Investment Management LLC's holdings in Canadian National Railway were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNI. Bruce G. Allen Investments LLC lifted its holdings in shares of Canadian National Railway by 44.2% during 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 purchased a new position in shares of Canadian National Railway during the 1st quarter valued at about $39,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Canadian National Railway in the 4th quarter valued at about $52,000. Dunhill Financial LLC raised its position in Canadian National Railway by 1,020.0% during the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after acquiring an additional 510 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CNI shares. Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Wells Fargo & Company lowered their price target on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a research report on Wednesday. Susquehanna lowered their price objective on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a research report on Wednesday. Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $118.36.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.45 during mid-day trading on Friday, hitting $95.87. The stock had a trading volume of 2,287,331 shares, compared to its average volume of 1,606,836. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $121.12. The company has a quick ratio of 0.43, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a market cap of $60.06 billion, a PE ratio of 18.44, a PEG ratio of 2.13 and a beta of 0.97. The company's fifty day simple moving average is $103.72 and its two-hundred day simple moving average is $101.48.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the company posted $1.84 earnings per share. On average, equities analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.71%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is 49.81%.

Canadian National Railway Company 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.