US Bancorp DE reduced its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 172,581 shares of the transportation company’s stock after selling 17,321 shares during the period. US Bancorp DE’s holdings in Canadian National Railway were worth $15,443,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CNI. National Asset Management Inc. purchased a new stake in shares of Canadian National Railway in the first quarter valued at about $261,000. HighPoint Advisor Group LLC boosted its holdings in shares of Canadian National Railway by 16.3% in the first quarter. HighPoint Advisor Group LLC now owns 3,557 shares of the transportation company’s stock valued at $327,000 after acquiring an additional 498 shares in the last quarter. Todd Asset Management LLC boosted its holdings in shares of Canadian National Railway by 2.2% in the first quarter. Todd Asset Management LLC now owns 195,498 shares of the transportation company’s stock valued at $17,494,000 after acquiring an additional 4,162 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Canadian National Railway in the first quarter valued at about $165,551,000. Finally, Clark Capital Management Group Inc. purchased a new stake in shares of Canadian National Railway in the first quarter valued at about $21,838,000. 54.78% of the stock is currently owned by institutional investors.

CNI traded down $0.28 during midday trading on Friday, reaching $91.04. 36,337 shares of the company’s stock were exchanged, compared to its average volume of 958,009. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $67.76 billion, a P/E ratio of 22.03, a PEG ratio of 1.91 and a beta of 1.07. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $95.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Monday, April 29th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.28. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.48 billion. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. As a group, analysts forecast that Canadian National Railway will post 4.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.3982 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 6th. Canadian National Railway’s dividend payout ratio is presently 38.46%.

Several analysts have recently weighed in on CNI shares. Macquarie downgraded shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 30th. National Bank Financial reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, March 28th. 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 note on Thursday, April 4th. Desjardins cut shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $90.32 target price for the company. in a research report on Friday, April 12th. Finally, ValuEngine upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $96.69.

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Canadian National Railway 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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