Metis Global Partners LLC Has $3.07 Million Holdings in Canadian National Railway (NYSE:CNI)

Metis Global Partners LLC boosted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,401 shares of the transportation company’s stock after purchasing an additional 1,952 shares during the period. Metis Global Partners LLC’s holdings in Canadian National Railway were worth $3,067,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNI. JFS Wealth Advisors LLC increased its stake in Canadian National Railway by 241.1% in the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 202 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Canadian National Railway during the 3rd quarter worth $41,000. Crewe Advisors LLC acquired a new stake in Canadian National Railway in the third quarter valued at about $43,000. Finally, Keener Financial Planning LLC bought a new position in Canadian National Railway in the fourth quarter valued at about $46,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Up 2.1 %

Canadian National Railway stock traded up $2.65 during trading hours on Monday, reaching $126.19. 1,137,003 shares of the company’s stock were exchanged, compared to its average volume of 1,016,806. The firm’s 50 day simple moving average is $128.73 and its 200 day simple moving average is $123.04. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $80.60 billion, a PE ratio of 19.70, a PEG ratio of 2.17 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.625 per share. The ex-dividend date is Friday, June 7th. This represents a $2.50 annualized dividend and a yield of 1.98%. Canadian National Railway’s dividend payout ratio is currently 39.23%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CNI shares. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, April 12th. CIBC cut shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Wells Fargo & Company increased their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Finally, TD Securities downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $149.05.

About Canadian National Railway

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.