Bryn Mawr Capital Management LLC Sells 1,542 Shares of Canadian National Railway (NYSE:CNI)

Bryn Mawr Capital Management LLC reduced its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 78.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 434 shares of the transportation company’s stock after selling 1,542 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Canadian National Railway were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CNI. Blue Trust Inc. increased its position in Canadian National Railway by 100.8% during the third quarter. Blue Trust Inc. now owns 1,301 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 653 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Canadian National Railway during the third quarter valued at $52,840,000. Assenagon Asset Management S.A. increased its position in Canadian National Railway by 10.5% during the third quarter. Assenagon Asset Management S.A. now owns 18,440 shares of the transportation company’s stock valued at $2,162,000 after acquiring an additional 1,752 shares during the last quarter. Lake Street Advisors Group LLC increased its position in Canadian National Railway by 44.3% during the third quarter. Lake Street Advisors Group LLC now owns 10,244 shares of the transportation company’s stock valued at $1,200,000 after acquiring an additional 3,144 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its position in Canadian National Railway by 1.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 13,320 shares of the transportation company’s stock valued at $1,560,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CNI. Susquehanna reduced their price objective on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Stifel Nicolaus upped their price target on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Performance

NYSE:CNI opened at $103.98 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12-month low of $98.69 and a 12-month high of $134.02. The stock has a 50-day moving average price of $102.64 and a 200 day moving average price of $109.41. The stock has a market capitalization of $65.33 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.37%. Canadian National Railway’s dividend payout ratio is presently 46.68%.

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.