Canadian National Railway (NYSE:CNI) Shares Sold by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton cut its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,165 shares of the transportation company’s stock after selling 183 shares during the period. Rosenberg Matthew Hamilton’s holdings in Canadian National Railway were worth $118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its holdings in Canadian National Railway by 22.2% in the 2nd quarter. American Century Companies Inc. now owns 127,342 shares of the transportation company’s stock valued at $15,048,000 after purchasing an additional 23,150 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Canadian National Railway by 10.0% during the second quarter. Envestnet Asset Management Inc. now owns 942,229 shares of the transportation company’s stock worth $111,306,000 after buying an additional 85,298 shares during the period. Rathbones Group PLC boosted its position in shares of Canadian National Railway by 9.5% during the second quarter. Rathbones Group PLC now owns 7,230 shares of the transportation company’s stock worth $854,000 after buying an additional 630 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Canadian National Railway by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,102,997 shares of the transportation company’s stock valued at $130,297,000 after buying an additional 48,984 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Canadian National Railway in the 2nd quarter valued at $1,725,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 0.1 %

CNI opened at $100.17 on Wednesday. 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 has a one year low of $98.96 and a one year high of $134.02. The company has a market cap of $62.99 billion, a P/E ratio of 16.05, a PEG ratio of 2.43 and a beta of 0.91. The business’s 50-day simple moving average is $106.08 and its 200-day simple moving average is $112.17.

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

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.6108 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.44%. Canadian National Railway’s dividend payout ratio is currently 38.14%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Susquehanna lowered their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased 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 research report on Wednesday, October 9th. Sanford C. Bernstein cut their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday. Finally, Bank of America cut their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.77.

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.