Canadian National Railway (NYSE:CNI) Shares Sold by Rempart Asset Management Inc.

Rempart Asset Management Inc. trimmed its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,906 shares of the transportation company’s stock after selling 1,150 shares during the quarter. Canadian National Railway comprises 3.8% of Rempart Asset Management Inc.’s portfolio, making the stock its 16th largest holding. Rempart Asset Management Inc.’s holdings in Canadian National Railway were worth $18,937,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares in the last quarter. 1832 Asset Management L.P. grew its position in Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after buying an additional 674,536 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its stake in Canadian National Railway by 1.2% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock valued at $1,017,315,000 after buying an additional 99,716 shares during the period. National Bank of Canada FI raised its position in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after buying an additional 2,137,948 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after acquiring an additional 39,063 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 1.4 %

Shares of Canadian National Railway stock traded down $1.51 during midday trading on Wednesday, hitting $102.83. The company’s stock had a trading volume of 182,603 shares, compared to its average volume of 948,246. Canadian National Railway has a 1-year low of $98.96 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. The firm has a market capitalization of $64.69 billion, a P/E ratio of 16.48, a PEG ratio of 2.43 and a beta of 0.91. The stock has a 50-day simple moving average of $106.84 and a 200-day simple moving average of $112.77.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. As a group, sell-side analysts expect that Canadian National Railway will post 5.31 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $0.6108 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.38%. Canadian National Railway’s payout ratio is 38.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CNI shares. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Stephens reaffirmed an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. The Goldman Sachs Group cut their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $125.02.

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.