Natixis Advisors LLC Sells 26,948 Shares of Canadian National Railway Company $CNI

Key Points

• Natixis sold 26,948 shares of Canadian National Railway, trimming its stake by 9.9% to 245,476 shares worth about $23.15 million, per its latest 13F filing.
• CN raised its quarterly dividend to $0.915 (annualized $3.66) for a 3.4% yield, with an ex-dividend date of March 10 and payment on March 31.
• Analysts are mixed on CNI—MarketBeat shows a consensus rating of “Moderate Buy” with an average price target of $118.91, amid recent downgrades from Barclays and UBS and upgrades from other firms.

Natixis Advisors LLC decreased its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 245,476 shares of the transportation company's stock after selling 26,948 shares during the quarter. Natixis Advisors LLC's holdings in Canadian National Railway were worth $23,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in shares of Canadian National Railway in the 1st quarter valued at $311,000. Focus Partners Wealth increased its position in shares of Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company's stock valued at $1,122,000 after buying an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in Canadian National Railway during the 2nd quarter worth $202,000. Savant Capital LLC lifted its holdings in 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 acquiring an additional 2,085 shares in the last quarter. Finally, Midwest Trust Co bought a new position in Canadian National Railway during the second quarter worth about $229,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CNI shares. Barclays lowered their price target on Canadian National Railway from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, February 2nd. UBS Group cut Canadian National Railway from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Royal Bank Of Canada decreased their price objective on Canadian National Railway from $153.00 to $151.00 and set an "outperform" rating for the company in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce raised Canadian National Railway from a "hold" rating to an "outperformer" rating and increased their target price for the stock from $146.00 to $151.00 in a research note on Friday, November 28th. Finally, Vertical Research upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating in a report on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Canadian National Railway has an average rating of "Moderate Buy" and a consensus price target of $118.91.

Canadian National Railway Price Performance

CNI stock opened at $106.18 on Thursday. The stock has a 50-day moving average price of $103.44 and a two-hundred day moving average price of $98.42. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $113.08. The stock has a market cap of $65.10 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94.

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

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.89. Canadian National Railway's dividend payout ratio (DPR) is presently 49.36%.

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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