First Bank & Trust Sells 163 Shares of Canadian National Railway (CNI)

First Bank & Trust cut its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 15.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 872 shares of the transportation company’s stock after selling 163 shares during the quarter. First Bank & Trust’s holdings in Canadian National Railway were worth $78,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gluskin Sheff & Assoc Inc. increased its position in shares of Canadian National Railway by 0.8% during the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 16,042 shares of the transportation company’s stock worth $1,188,000 after buying an additional 130 shares during the period. HighPoint Advisor Group LLC increased its position in shares of Canadian National Railway by 4.4% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,059 shares of the transportation company’s stock worth $259,000 after buying an additional 130 shares during the period. One Wealth Advisors LLC increased its position in shares of Canadian National Railway by 4.6% during the fourth quarter. One Wealth Advisors LLC now owns 3,424 shares of the transportation company’s stock worth $254,000 after buying an additional 151 shares during the period. Global Retirement Partners LLC increased its position in shares of Canadian National Railway by 30.6% during the fourth quarter. Global Retirement Partners LLC now owns 666 shares of the transportation company’s stock worth $49,000 after buying an additional 156 shares during the period. Finally, Nexus Investment Management Inc. increased its position in shares of Canadian National Railway by 3.1% during the first quarter. Nexus Investment Management Inc. now owns 5,299 shares of the transportation company’s stock worth $474,000 after buying an additional 159 shares during the period. Institutional investors own 55.06% of the company’s stock.

Several brokerages recently issued reports on CNI. Desjardins lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $90.32 target price on the stock. in a research note on Friday, April 12th. Credit Suisse Group upgraded shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $95.00 in a research note on Tuesday, January 15th. Citigroup raised their price objective on shares of Canadian National Railway from $87.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Macquarie reiterated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, March 28th. Finally, National Bank Financial reiterated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, March 28th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $93.30.

Canadian National Railway stock opened at $92.14 on Wednesday. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $92.81. The stock has a market cap of $66.45 billion, a P/E ratio of 22.15, a PEG ratio of 1.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.78 and a quick ratio of 0.62.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.38. Canadian National Railway had a return on equity of 23.28% and a net margin of 30.19%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the company posted $1.20 earnings per share. Canadian National Railway’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that Canadian National Railway will post 4.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.4026 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.35. This represents a $1.61 dividend on an annualized basis and a yield of 1.75%. Canadian National Railway’s payout ratio is presently 38.46%.

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About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Read More: Cost of Capital Explained

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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