Natixis Advisors LLC Reduces Holdings in Canadian National Railway Company (NYSE:CNI)

Key Points

• Natixis Advisors LLC reduced its stake in Canadian National Railway by 18.8%, selling 39,810 shares for a total of $16.8 million in holdings.
• Canadian National Railway reported $1.35 earnings per share, missing estimates by $0.02, with a revenue of $3.14 billion compared to the expected $4.34 billion.
• The company announced an increase in its quarterly dividend to $0.6507 per share, resulting in an annualized dividend yield of 2.8%.

Natixis Advisors LLC cut its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 18.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,341 shares of the transportation company's stock after selling 39,810 shares during the quarter. Natixis Advisors LLC's holdings in Canadian National Railway were worth $16,797,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings 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 worth $34,000 after buying an additional 106 shares during the last quarter. CX Institutional purchased a new stake in shares of Canadian National Railway during the first quarter worth about $39,000. Dunhill Financial LLC grew its stake in Canadian National Railway by 1,020.0% during the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after purchasing an additional 510 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after acquiring an additional 171 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in Canadian National Railway by 57.8% during the first 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 during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 1.8%

Shares of NYSE CNI traded down $1.70 during trading hours on Thursday, hitting $92.45. 902,588 shares of the stock were exchanged, compared to its average volume of 1,483,700. The company has a market cap of $57.91 billion, a PE ratio of 17.78, a PEG ratio of 2.10 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average price of $101.83 and a 200-day moving average price of $101.10. Canadian National Railway Company has a 12 month low of $91.65 and a 12 month high of $121.12.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted 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). The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.84 earnings per share. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a $0.6507 dividend. This represents a $2.60 annualized dividend and a yield of 2.8%. This is a boost 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 is currently 49.81%.

Analyst Upgrades and Downgrades

CNI has been the topic of several research reports. Raymond James Financial raised shares of Canadian National Railway from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 17th. Bank of America upped their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus dropped their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $118.36.

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.