Canadian National Railway (NYSE:CNI) Stock Holdings Decreased by FORA Capital LLC

FORA Capital LLC decreased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,947 shares of the transportation company’s stock after selling 1,584 shares during the period. FORA Capital LLC’s holdings in Canadian National Railway were worth $3,625,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway during the second quarter valued at approximately $26,000. Addison Advisors LLC raised its position in shares of Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. ORG Partners LLC acquired a new position in Canadian National Railway in the second quarter worth $34,000. Finally, Coastline Trust Co acquired a new position in Canadian National Railway in the third quarter worth $34,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

Canadian National Railway stock traded up $1.08 during trading hours on Wednesday, hitting $110.72. 81,325 shares of the company traded hands, compared to its average volume of 1,120,576. The firm’s 50-day simple moving average is $112.77 and its two-hundred day simple moving average is $116.88. The firm has a market cap of $69.73 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.53 and a beta of 0.89. Canadian National Railway has a 1-year low of $105.28 and a 1-year high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 earnings per share. As a group, analysts forecast that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.21%. Canadian National Railway’s dividend payout ratio (DPR) is 39.26%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Susquehanna cut their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI decreased their target price on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and a consensus target price of $125.48.

Canadian National Railway Company 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.