Canadian National Railway Company (NYSE:CNI) is Haven Global Partners LLC's 4th Largest Position

Haven Global Partners LLC lessened its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 2.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,048 shares of the transportation company's stock after selling 3,425 shares during the period. Canadian National Railway accounts for approximately 14.3% of Haven Global Partners LLC's portfolio, making the stock its 4th largest position. Haven Global Partners LLC's holdings in Canadian National Railway were worth $13,627,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Polar Asset Management Partners Inc. boosted its stake in shares of Canadian National Railway by 233.3% during the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock worth $2,537,000 after buying an additional 17,500 shares during the period. Cypress Asset Management Inc. TX acquired a new stake in shares of Canadian National Railway during the fourth quarter worth about $875,000. SG Americas Securities LLC boosted its stake in shares of Canadian National Railway by 60.6% during the first quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock worth $948,000 after buying an additional 3,671 shares during the period. Focus Partners Wealth boosted its stake in shares of Canadian National Railway by 6.7% during the fourth quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company's stock worth $1,078,000 after buying an additional 655 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Canadian National Railway by 23.3% during the first quarter. Ritholtz Wealth Management now owns 10,957 shares of the transportation company's stock worth $1,068,000 after buying an additional 2,068 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Price Performance

Canadian National Railway stock traded down $0.54 during mid-day trading on Friday, reaching $103.35. The company had a trading volume of 2,783,872 shares, compared to its average volume of 1,321,082. Canadian National Railway Company has a 1 year low of $91.65 and a 1 year high of $123.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. The company has a market capitalization of $64.89 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.94 and a beta of 0.98. The stock's 50-day simple moving average is $102.74 and its 200-day simple moving average is $101.50.

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

Canadian National Railway Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $0.8875 dividend. The ex-dividend date is Monday, June 9th. This is a boost from Canadian National Railway's previous dividend of $0.29. This represents a yield of 2.47%. Canadian National Railway's dividend payout ratio (DPR) is 50.49%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CNI shares. Barclays decreased their target price on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group decreased their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Evercore ISI decreased their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Stifel Nicolaus decreased their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.52.

About Canadian National Railway

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.