Canadian National Railway (NYSE:CNI) Shares Sold by Mariner LLC

Mariner LLC reduced its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 24.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,405 shares of the transportation company’s stock after selling 30,006 shares during the period. Mariner LLC’s holdings in Canadian National Railway were worth $9,380,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CNI. Norges Bank acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $563,048,000. Canoe Financial LP acquired a new stake in Canadian National Railway in the 4th quarter valued at approximately $216,943,000. Arrowstreet Capital Limited Partnership raised its stake in Canadian National Railway by 29.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company’s stock valued at $488,488,000 after acquiring an additional 1,102,977 shares in the last quarter. Geode Capital Management LLC boosted its position in Canadian National Railway by 29.0% during the 4th quarter. Geode Capital Management LLC now owns 3,306,192 shares of the transportation company’s stock worth $340,987,000 after acquiring an additional 743,712 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after purchasing an additional 571,967 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.7 %

Shares of NYSE:CNI opened at $99.21 on Friday. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $130.63. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $62.35 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The firm has a 50 day simple moving average of $98.99 and a 200 day simple moving average of $104.37.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 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, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.48%. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Susquehanna cut their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Barclays dropped their price target on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada decreased their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Bank of America decreased their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.36.

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.