Northstar Asset Management Inc. Trims Position in Canadian National Railway (NYSE:CNI)

Northstar Asset Management Inc. cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,299 shares of the transportation company’s stock after selling 394 shares during the quarter. Canadian National Railway makes up approximately 3.5% of Northstar Asset Management Inc.’s portfolio, making the stock its 13th largest holding. Northstar Asset Management Inc.’s holdings in Canadian National Railway were worth $11,972,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CNI. EverSource Wealth Advisors LLC grew its holdings in Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares in the last quarter. Rational Advisors LLC acquired a new stake in shares of Canadian National Railway during the 3rd quarter valued at $41,000. Crewe Advisors LLC purchased a new stake in shares of Canadian National Railway in the third quarter valued at $43,000. Keener Financial Planning LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth $46,000. Finally, Knuff & Co LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth $50,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CNI. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Jefferies Financial Group began coverage on shares of Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 price target on the stock. Susquehanna upped their target price on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company increased their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Stephens restated an “equal weight” rating and set a $140.00 price objective on shares of Canadian National Railway in a research note on Wednesday, April 24th. Eighteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus target price of $149.05.

Canadian National Railway Stock Performance

NYSE:CNI traded down $1.20 during mid-day trading on Thursday, hitting $126.32. 575,019 shares of the company’s stock traded hands, compared to its average volume of 998,425. The firm has a 50 day moving average of $127.95 and a two-hundred day moving average of $124.77. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The firm has a market capitalization of $80.43 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. On average, equities analysts forecast that Canadian National Railway will post 5.9 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 Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 39.71%.

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.