PDS Planning Inc Reduces Holdings in Canadian National Railway (NYSE:CNI)

PDS Planning Inc trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,542 shares of the transportation company’s stock after selling 303 shares during the period. PDS Planning Inc’s holdings in Canadian National Railway were worth $532,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CNI. Manning & Napier Advisors LLC acquired a new position in shares of Canadian National Railway in the second quarter worth $134,096,000. Koshinski Asset Management Inc. purchased a new position in shares of Canadian National Railway during the first quarter valued at approximately $627,000. Sterling Investment Management LLC boosted its position in Canadian National Railway by 17.2% during the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock worth $4,250,000 after acquiring an additional 5,329 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in Canadian National Railway in the 1st quarter worth approximately $4,451,000. Finally, Sumitomo Life Insurance Co. acquired a new position in Canadian National Railway in the 2nd quarter valued at $1,321,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CNI shares. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Stifel Nicolaus raised their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI cut their price target on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Trading Down 0.2 %

Canadian National Railway stock opened at $108.00 on Tuesday. The company has a 50 day moving average price of $115.20 and a 200 day moving average price of $118.57. The firm has a market capitalization of $67.91 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.43 and a beta of 0.89. Canadian National Railway has a 52 week low of $107.54 and a 52 week high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $1.26 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Research analysts forecast that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is 39.26%.

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.