Canadian National Railway (NYSE:CNI) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP reduced its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 17.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,019 shares of the transportation company's stock after selling 28,164 shares during the period. Canadian National Railway makes up 3.6% of Raub Brock Capital Management LP's portfolio, making the stock its 18th largest holding. Raub Brock Capital Management LP's holdings in Canadian National Railway were worth $16,962,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Ascent Group LLC increased its holdings in shares of Canadian National Railway by 2.2% in the 3rd quarter. Ascent Group LLC now owns 4,005 shares of the transportation company's stock worth $474,000 after buying an additional 87 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Canadian National Railway by 0.3% in the 3rd quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company's stock worth $3,067,000 after buying an additional 88 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Canadian National Railway by 2.9% during the 2nd quarter. SRS Capital Advisors Inc. now owns 3,123 shares of the transportation company's stock valued at $378,000 after purchasing an additional 89 shares during the last quarter. State of Wyoming grew its holdings in Canadian National Railway by 11.7% during the 4th quarter. State of Wyoming now owns 867 shares of the transportation company's stock valued at $103,000 after purchasing an additional 91 shares during the last quarter. Finally, Tacita Capital Inc grew its holdings in Canadian National Railway by 0.4% during the 3rd quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company's stock valued at $2,972,000 after purchasing an additional 97 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Up 0.6 %

Shares of CNI traded up $0.74 during mid-day trading on Friday, hitting $129.74. The company's stock had a trading volume of 1,287,290 shares, compared to its average volume of 806,471. The company's 50-day moving average is $129.28 and its 200-day moving average is $120.47. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The firm has a market capitalization of $83.08 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.32 and a beta of 0.88. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. On average, equities research analysts forecast that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were given a dividend of $0.638 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a yield of 1.97%. Canadian National Railway's dividend payout ratio is presently 39.59%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Susquehanna cut their price target on shares of Canadian National Railway from $143.00 to $140.00 and set a "neutral" rating on the stock in a report on Thursday, March 28th. Stephens upped their price target on shares of Canadian National Railway from $122.00 to $135.00 and gave the company an "equal weight" rating in a report on Thursday, January 4th. Susquehanna Bancshares upped their price target on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a "neutral" rating in a report on Monday, January 8th. CIBC downgraded shares of Canadian National Railway from a "sector outperform" rating to a "neutral" rating in a report on Wednesday, January 10th. Finally, Bank of America upped their price target on shares of Canadian National Railway from $131.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Canadian National Railway has a consensus rating of "Hold" and an average price target of $147.55.

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.