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

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

Several other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Canadian National Railway by 30.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 904,922 shares of the transportation company’s stock worth $81,261,000 after buying an additional 210,097 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Canadian National Railway by 1.8% during the third quarter. BlackRock Inc. now owns 208,984 shares of the transportation company’s stock worth $18,766,000 after acquiring an additional 3,678 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Canadian National Railway by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 347,599 shares of the transportation company’s stock valued at $31,214,000 after buying an additional 3,488 shares in the last quarter. Paloma Partners Management Co raised its holdings in Canadian National Railway by 64.8% during the third quarter. Paloma Partners Management Co now owns 9,300 shares of the transportation company’s stock valued at $835,000 after buying an additional 3,657 shares in the last quarter. Finally, Veritable L.P. bought a new position in Canadian National Railway during the third quarter valued at about $217,000. 55.06% of the stock is currently owned by institutional investors and hedge funds.

CNI opened at $92.14 on Wednesday. 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 $66.45 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.83 and a beta of 1.07. Canadian National Railway has a twelve month low of $70.36 and a twelve month high of $92.81.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.38. The firm had revenue of $3.81 billion for 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 company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 earnings per share. As a group, research analysts anticipate that Canadian National Railway will post 4.68 earnings per share for the current fiscal year.

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

A number of equities research analysts recently weighed in on CNI shares. Stephens raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 3rd. Credit Suisse Group raised Canadian National Railway from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $95.00 in a report on Tuesday, January 15th. Macquarie reissued a “hold” rating on shares of Canadian National Railway in a report on Thursday, March 28th. Barclays restated a “hold” rating and issued a $86.00 price objective on shares of Canadian National Railway in a research report on Thursday, January 17th. Finally, National Bank Financial reiterated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, March 28th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target 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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