Neville Rodie & Shaw Inc. Reduces Stake in Canadian National Railway (NYSE:CNI)

Neville Rodie & Shaw Inc. reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 15.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,842 shares of the transportation company’s stock after selling 2,000 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Canadian National Railway were worth $974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. Atwater Malick LLC raised its position in Canadian National Railway by 0.5% in the second quarter. Atwater Malick LLC now owns 50,069 shares of the transportation company’s stock worth $4,630,000 after purchasing an additional 249 shares in the last quarter. Cidel Asset Management Inc. raised its holdings in shares of Canadian National Railway by 0.4% in the second quarter. Cidel Asset Management Inc. now owns 844,210 shares of the transportation company’s stock valued at $78,300,000 after purchasing an additional 3,310 shares during the last quarter. Capital Bank & Trust Co grew its position in Canadian National Railway by 3.7% during the second quarter. Capital Bank & Trust Co now owns 108,414 shares of the transportation company’s stock valued at $9,979,000 after buying an additional 3,880 shares during the period. Schroder Investment Management Group grew its position in Canadian National Railway by 26.4% during the second quarter. Schroder Investment Management Group now owns 922,553 shares of the transportation company’s stock valued at $111,814,000 after buying an additional 192,482 shares during the period. Finally, AMP Capital Investors Ltd grew its position in Canadian National Railway by 2.7% during the second quarter. AMP Capital Investors Ltd now owns 445,226 shares of the transportation company’s stock valued at $40,872,000 after buying an additional 11,663 shares during the period. 53.09% of the stock is owned by hedge funds and other institutional investors.

NYSE:CNI traded down $0.19 on Friday, reaching $84.98. 428,161 shares of the company’s stock were exchanged, compared to its average volume of 752,752. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a market cap of $61.30 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.71 and a beta of 1.01. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $96.49. The stock has a fifty day simple moving average of $90.92 and a 200-day simple moving average of $91.75.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.47. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.94 billion. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $1.51 earnings per share. As a group, sell-side analysts predict that Canadian National Railway will post 4.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 9th were given a $0.411 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is 39.18%.

Several research firms recently weighed in on CNI. Raymond James lowered shares of Canadian National Railway from an “outperform” rating to a “hold” rating in a research report on Friday, September 13th. Goldman Sachs Group began coverage on shares of Canadian National Railway in a research report on Wednesday, July 10th. They set a “neutral” rating and a $97.00 price target for the company. Royal Bank of Canada set a $137.00 price target on shares of Canadian National Railway and gave the company a “hold” rating in a research report on Friday, September 13th. Stephens lowered shares of Canadian National Railway from an “overweight” rating to an “equal” rating and reduced their price target for the company from $100.00 to $97.00 in a research report on Tuesday. Finally, ValuEngine lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $101.86.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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

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