Vestmark Advisory Solutions Inc. Sells 1,292 Shares of Canadian National Railway (NYSE:CNI)

Vestmark Advisory Solutions Inc. reduced its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 15.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,139 shares of the transportation company’s stock after selling 1,292 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Canadian National Railway were worth $725,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after purchasing an additional 114 shares in the last quarter. Catalytic Wealth RIA LLC boosted its stake in shares of Canadian National Railway by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after buying an additional 123 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Canadian National Railway by 3.1% in the 3rd quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock worth $583,000 after buying an additional 152 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CNI shares. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Trading Down 0.8 %

NYSE:CNI opened at $101.12 on Friday. The company has a market cap of $63.53 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.95 and a beta of 0.91. The stock’s fifty day moving average price is $102.26 and its two-hundred day moving average price is $108.60. Canadian National Railway has a 1 year low of $96.28 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.44%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Canadian National Railway Company 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.