Canadian National Railway (NYSE:CNI) Holdings Decreased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 33.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,000 shares of the transportation company’s stock after selling 22,100 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Canadian National Railway were worth $5,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CNI. Ahrens Investment Partners LLC purchased a new stake in shares of Canadian National Railway in the first quarter worth approximately $26,000. CoreCap Advisors LLC acquired a new position in Canadian National Railway in the 4th quarter valued at approximately $29,000. ICA Group Wealth Management LLC purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $53,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Canadian National Railway during the 1st quarter valued at $54,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Canadian National Railway by 24.3% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 466 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Canadian National Railway Stock Performance

CNI opened at $113.17 on Monday. Canadian National Railway has a 12-month low of $103.79 and a 12-month high of $129.89. The firm has a market capitalization of $74.29 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The stock’s 50 day moving average price is $116.79 and its two-hundred day moving average price is $117.30. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.78.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.06). The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.13 billion. Canadian National Railway had a return on equity of 24.62% and a net margin of 30.21%. On average, equities analysts forecast that Canadian National Railway will post 5.59 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 Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.5996 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, September 7th. This represents a $2.40 annualized dividend and a dividend yield of 2.12%. Canadian National Railway’s payout ratio is presently 40.58%.

Analysts Set New Price Targets

CNI has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on Canadian National Railway from $115.00 to $127.00 in a research report on Monday, July 17th. Argus lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Desjardins dropped their price objective on Canadian National Railway from C$184.00 to C$181.00 in a report on Wednesday, July 26th. National Bank Financial dropped their price target on shares of Canadian National Railway from C$173.00 to C$171.00 in a research note on Tuesday, July 25th. Finally, CIBC reduced their price objective on shares of Canadian National Railway from C$177.00 to C$175.00 in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.71.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.