Ycg LLC Sells 55,112 Shares of Canadian National Railway Company (NYSE:CNI)

Key Points

• Ycg LLC has reduced its stake in Canadian National Railway by 16.2%, selling 55,112 shares and holding 285,847 shares as of its latest SEC filing.
• Canadian National Railway's dividend increased to $0.6507 per share, representing an annualized yield of 2.8%, which is a rise from the previous dividend of $0.62.
• The transportation company reported a quarterly EPS of $1.35, missing analysts' expectations, and experienced a 1.3% year-over-year decrease in revenue, totaling $3.14 billion.

YCG LLC lessened its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 16.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 285,847 shares of the transportation company's stock after selling 55,112 shares during the period. Canadian National Railway comprises approximately 2.2% of YCG LLC's investment portfolio, making the stock its 19th largest holding. YCG LLC's holdings in Canadian National Railway were worth $27,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CNI. Polar Asset Management Partners Inc. raised its stake in Canadian National Railway by 233.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after buying an additional 17,500 shares during the period. Cypress Asset Management Inc. TX bought a new stake in Canadian National Railway in the fourth quarter valued at approximately $875,000. GAMMA Investing LLC raised its stake 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 buying an additional 171 shares during the period. Principal Financial Group Inc. raised its stake in Canadian National Railway by 3.7% in the first quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock valued at $9,185,000 after buying an additional 3,400 shares during the period. Finally, SG Americas Securities LLC raised its stake in Canadian National Railway by 60.6% in the first quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock valued at $948,000 after buying an additional 3,671 shares during the period. Institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup dropped their price objective on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. 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 report on Wednesday, July 23rd. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Evercore ISI downgraded 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 report on Wednesday, July 23rd. Finally, National Bank Financial downgraded Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway Price Performance

NYSE CNI traded up $0.57 on Friday, hitting $93.33. 1,103,725 shares of the company's stock were exchanged, compared to its average volume of 1,499,554. The stock has a 50-day moving average of $100.36 and a 200-day moving average of $100.62. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a 52 week low of $91.65 and a 52 week high of $121.12. The stock has a market cap of $58.47 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.09 and a beta of 0.94.

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

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be paid a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, September 8th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio is currently 49.81%.

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.