Keybank National Association OH decreased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,591 shares of the transportation company’s stock after selling 2,832 shares during the period. Keybank National Association OH’s holdings in Canadian National Railway were worth $3,291,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CNI. Atwater Malick LLC grew its position in Canadian National Railway by 0.5% during the 2nd quarter. Atwater Malick LLC now owns 50,069 shares of the transportation company’s stock worth $4,630,000 after acquiring an additional 249 shares during the last quarter. Cetera Advisor Networks LLC grew its position in Canadian National Railway by 15.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,369 shares of the transportation company’s stock worth $571,000 after acquiring an additional 830 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Canadian National Railway by 5.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 41,188 shares of the transportation company’s stock worth $3,666,000 after acquiring an additional 2,271 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Canadian National Railway by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 361,358 shares of the transportation company’s stock worth $26,780,000 after acquiring an additional 13,759 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its position in Canadian National Railway by 1.9% during the 1st quarter. First Republic Investment Management Inc. now owns 80,220 shares of the transportation company’s stock worth $7,178,000 after acquiring an additional 1,470 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

A number of equities research analysts recently weighed in on CNI shares. BMO Capital Markets upgraded Canadian National Railway to a “market perform” rating and set a $125.00 price objective on the stock in a research report on Tuesday, April 30th. They noted that the move was a valuation call. ValuEngine lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price objective on Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Goldman Sachs Group initiated coverage on Canadian National Railway in a research report on Wednesday, July 10th. They set a “neutral” rating and a $97.00 price objective on the stock. Finally, Credit Suisse Group lifted their target price on Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Canadian National Railway has an average rating of “Hold” and a consensus target price of $98.78.

CNI traded up $1.75 during midday trading on Friday, hitting $92.19. 20,008 shares of the company were exchanged, compared to its average volume of 889,628. The firm has a market capitalization of $65.77 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.84 and a beta of 1.03. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $96.49. The firm’s 50 day moving average price is $93.41 and its 200-day moving average price is $90.42. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.47. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.94 billion. Canadian National Railway had a return on equity of 24.15% and a net margin of 29.50%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 EPS. On average, sell-side analysts predict that Canadian National Railway will post 4.7 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be issued a dividend of $0.411 per share. The ex-dividend date is Friday, September 6th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 1.78%. Canadian National Railway’s payout ratio is presently 38.94%.

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.

See Also: How do analysts define an oversold condition?

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

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.