AMF Tjanstepension AB Decreases Stake in Canadian National Railway (NYSE:CNI)

AMF Tjanstepension AB lowered its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 65.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 45,486 shares of the transportation company’s stock after selling 87,267 shares during the quarter. AMF Tjanstepension AB’s holdings in Canadian National Railway were worth $6,094,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of Canadian National Railway by 37.2% during the 3rd quarter. LPL Financial LLC now owns 92,014 shares of the transportation company’s stock valued at $9,968,000 after acquiring an additional 24,952 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Canadian National Railway by 38.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $116,000 after purchasing an additional 300 shares during the period. Gotham Asset Management LLC increased its stake in Canadian National Railway by 129.6% in the 3rd quarter. Gotham Asset Management LLC now owns 12,311 shares of the transportation company’s stock worth $1,334,000 after purchasing an additional 6,950 shares during the period. Dempze Nancy E increased its stake in Canadian National Railway by 1.1% in the 3rd quarter. Dempze Nancy E now owns 31,146 shares of the transportation company’s stock worth $3,374,000 after purchasing an additional 336 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Canadian National Railway by 5.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock valued at $1,421,649,000 after buying an additional 625,500 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $118.11 on Friday. The stock has a market cap of $74.94 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. The stock has a 50 day moving average price of $123.88 and a 200-day moving average price of $126.16. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Equities analysts expect that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, June 7th. Canadian National Railway’s payout ratio is currently 39.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CNI shares. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Jefferies Financial Group began coverage on Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 target price on the stock. Barclays upped their price target on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $140.00 price target on shares of Canadian National Railway in a research note on Wednesday, April 24th. Eighteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $148.95.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.