Private Capital Group LLC Sells 645 Shares of Canadian National Railway (NYSE:CNI)

Private Capital Group LLC lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 49.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652 shares of the transportation company’s stock after selling 645 shares during the period. Private Capital Group LLC’s holdings in Canadian National Railway were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CNI. Pinnacle Bancorp Inc. raised its holdings in Canadian National Railway by 20.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 587 shares of the transportation company’s stock valued at $68,000 after buying an additional 98 shares during the last quarter. Dempze Nancy E raised its holdings in Canadian National Railway by 0.4% in the 2nd quarter. Dempze Nancy E now owns 30,996 shares of the transportation company’s stock worth $3,271,000 after purchasing an additional 110 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Canadian National Railway by 4.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,478 shares of the transportation company’s stock worth $363,000 after purchasing an additional 142 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Canadian National Railway by 7.6% in the 2nd quarter. Fisher Asset Management LLC now owns 2,006 shares of the transportation company’s stock worth $212,000 after purchasing an additional 142 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Canadian National Railway by 2.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,092 shares of the transportation company’s stock worth $643,000 after purchasing an additional 142 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Canadian National Railway from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, October 22nd. Wells Fargo & Company increased their price target on shares of Canadian National Railway from $118.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 20th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, September 1st. Desjardins increased their price target on shares of Canadian National Railway from C$163.00 to C$165.00 and gave the stock a “hold” rating in a research note on Thursday, October 21st. Finally, National Bank Financial increased their price target on shares of Canadian National Railway from C$151.00 to C$153.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 20th. Seventeen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $143.00.

CNI opened at $130.97 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.21 and a debt-to-equity ratio of 0.57. The company has a market cap of $92.60 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.48 and a beta of 0.84. The company’s 50 day moving average is $124.81 and its 200 day moving average is $114.69. Canadian National Railway has a 12-month low of $100.66 and a 12-month high of $136.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Monday, October 18th. The transportation company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.40. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.51 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 19.90%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. As a group, analysts predict that Canadian National Railway will post 4.66 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 30th. Investors of record on Thursday, December 9th will be issued a $0.4977 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, December 8th. This represents a $1.99 dividend on an annualized basis and a dividend yield of 1.52%. Canadian National Railway’s dividend payout ratio (DPR) is presently 36.95%.

Canadian National Railway Company Profile

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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