Yousif Capital Management LLC Sells 2,980 Shares of Canadian National Railway (NYSE:CNI)

Yousif Capital Management LLC cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,511 shares of the transportation company’s stock after selling 2,980 shares during the quarter. Yousif Capital Management LLC’s holdings in Canadian National Railway were worth $661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. Coastline Trust Co bought a new position in Canadian National Railway in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Canadian National Railway in the third quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in Canadian National Railway in the third quarter worth $56,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CNI. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Susquehanna cut their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $101.69 on Monday. Canadian National Railway has a 52 week low of $98.69 and a 52 week high of $134.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a 50-day simple moving average of $102.88 and a 200 day simple moving average of $109.75. The company has a market capitalization of $63.89 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.94 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, sell-side analysts predict that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.42%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 47.66%.

About Canadian National Railway

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.