Huntington National Bank trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,551 shares of the transportation company’s stock after selling 4,810 shares during the period. Huntington National Bank’s holdings in Canadian National Railway were worth $5,186,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. WASHINGTON TRUST Co bought a new stake in shares of Canadian National Railway in the first quarter valued at approximately $25,000. MBE Wealth Management LLC bought a new stake in Canadian National Railway during the 1st quarter valued at $29,000. Eudaimonia Partners LLC bought a new stake in Canadian National Railway during the 1st quarter valued at $41,000. Larson Financial Group LLC purchased a new stake in shares of Canadian National Railway during the second quarter worth $42,000. Finally, Ameritas Investment Company LLC purchased a new position in shares of Canadian National Railway in the first quarter valued at $45,000. 54.97% of the stock is currently owned by institutional investors.

Canadian National Railway stock traded up $0.28 during mid-day trading on Friday, hitting $97.79. The company’s stock had a trading volume of 1,292,227 shares, compared to its average volume of 985,334. The business has a 50 day moving average price of $90.65 and a 200-day moving average price of $86.16. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.97 and a quick ratio of 0.77. Canadian National Railway has a 12 month low of $65.13 and a 12 month high of $99.06. The stock has a market cap of $69.55 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.53 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 21st. The transportation company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.36. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.41 billion. Canadian National Railway had a return on equity of 20.92% and a net margin of 25.66%. On average, equities research analysts expect that Canadian National Railway will post 3.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be issued a $0.425 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, September 8th. This represents a $1.70 annualized dividend and a dividend yield of 1.74%. Canadian National Railway’s dividend payout ratio (DPR) is currently 37.36%.

A number of research analysts have weighed in on CNI shares. Raymond James lifted their target price on Canadian National Railway from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. Stephens boosted their price objective on shares of Canadian National Railway from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Royal Bank of Canada lowered their target price on shares of Canadian National Railway from $128.00 to $125.00 and set a “sector perform” rating on the stock in a research note on Friday, June 19th. Deutsche Bank raised their price target on shares of Canadian National Railway from $92.00 to $102.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Investment Research raised shares of Canadian National Railway from a “sell” rating to a “hold” rating and set a $90.00 price target on the stock in a report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $105.33.

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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