Brown Advisory Inc. lessened its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,110,102 shares of the transportation company’s stock after selling 214,827 shares during the quarter. Brown Advisory Inc. owned about 0.15% of Canadian National Railway worth $81,182,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Investec Asset Management LTD boosted its position in Canadian National Railway by 7.2% in the 4th quarter. Investec Asset Management LTD now owns 591,737 shares of the transportation company’s stock worth $48,818,000 after purchasing an additional 39,919 shares in the last quarter. Elkfork Partners LLC purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $9,376,000. Sun Life Financial INC boosted its position in Canadian National Railway by 9.5% in the 4th quarter. Sun Life Financial INC now owns 11,007 shares of the transportation company’s stock worth $907,000 after purchasing an additional 953 shares in the last quarter. HBK Investments L P purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $248,000. Finally, Delpha Capital Management LLC purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $143,000. Institutional investors own 55.01% of the company’s stock.
CNI has been the topic of several recent research reports. Bank of America upgraded Canadian National Railway from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $72.00 to $93.00 in a research report on Thursday, May 17th. Cowen restated a “buy” rating and issued a $87.00 price objective on shares of Canadian National Railway in a research report on Tuesday, May 15th. Zacks Investment Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Stifel Nicolaus initiated coverage on Canadian National Railway in a research report on Thursday, May 24th. They issued a “hold” rating and a $84.00 price objective on the stock. Finally, Deutsche Bank upgraded Canadian National Railway from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a research report on Thursday, May 24th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $84.98.
Shares of Canadian National Railway opened at $80.93 on Friday, Marketbeat.com reports. Canadian National Railway has a 1 year low of $70.59 and a 1 year high of $85.73. The company has a market cap of $59.32 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.61.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Monday, April 23rd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. Canadian National Railway had a return on equity of 23.02% and a net margin of 41.03%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the firm posted $1.15 EPS. The business’s revenue was down .4% on a year-over-year basis. sell-side analysts expect that Canadian National Railway will post 4.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be given a dividend of $0.3603 per share. The ex-dividend date is Thursday, June 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.78%. Canadian National Railway’s dividend payout ratio (DPR) is 36.46%.
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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