Canadian National Railway (CNI) Holdings Cut by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.9% during the 1st quarter, HoldingsChannel reports. The firm owned 72,158 shares of the transportation company’s stock after selling 638 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Canadian National Railway were worth $6,457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNI. Shine Investment Advisory Services Inc. raised its stake in Canadian National Railway by 9.4% during the first quarter. Shine Investment Advisory Services Inc. now owns 1,270 shares of the transportation company’s stock worth $114,000 after purchasing an additional 109 shares during the period. 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 valued at $1,188,000 after acquiring an additional 130 shares during the last quarter. 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 valued at $259,000 after acquiring an additional 130 shares during the last quarter. 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 valued at $254,000 after acquiring an additional 151 shares during the last quarter. Finally, 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 valued at $49,000 after acquiring an additional 156 shares during the last quarter. 55.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of CNI stock traded down $0.72 during trading on Wednesday, reaching $93.50. The company’s stock had a trading volume of 789,901 shares, compared to its average volume of 1,013,531. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.62 and a current ratio of 0.78. The stock has a market capitalization of $67.80 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $94.39.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.38. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Canadian National Railway had a net margin of 30.19% and a return on equity of 23.28%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. On average, research analysts forecast that Canadian National Railway will post 4.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.4026 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.72%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.35. Canadian National Railway’s payout ratio is 38.46%.

CNI has been the subject of a number of recent analyst reports. Desjardins cut shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $90.32 price target for the company. in a research report on Friday, April 12th. Citigroup lifted their price target 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. Credit Suisse Group upgraded shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $95.00 in a research report on Tuesday, January 15th. Barclays reiterated a “hold” rating and set a $86.00 price target on shares of Canadian National Railway in a research report on Thursday, January 17th. Finally, Macquarie cut shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 30th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $93.30.

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Canadian National Railway Company Profile

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.

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

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