Radnor Capital Management LLC Sells 600 Shares of Canadian National Railway (NYSE:CNI)

Radnor Capital Management LLC trimmed its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 22.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,100 shares of the transportation company’s stock after selling 600 shares during the period. Radnor Capital Management LLC’s holdings in Canadian National Railway were worth $213,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. National Bank of Canada FI increased its stake in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after acquiring an additional 2,137,948 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Canadian National Railway in the third quarter worth approximately $159,907,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Canadian National Railway by 4,614.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock valued at $157,896,000 after purchasing an additional 1,307,689 shares in the last quarter. Wellington Management Group LLP lifted its position in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after buying an additional 674,536 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 1.3 %

NYSE CNI opened at $101.98 on Friday. The firm has a market capitalization of $64.13 billion, a PE ratio of 16.34, a P/E/G ratio of 2.21 and a beta of 0.91. The stock’s 50 day moving average is $105.85 and its 200 day moving average is $112.09. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. Research analysts forecast that Canadian National Railway will post 5.21 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were paid a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s dividend payout ratio is 38.30%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus raised Canadian National Railway from a “hold” rating to a “buy” rating and reduced their target price for the company from $132.00 to $120.00 in a research note on Thursday. Sanford C. Bernstein decreased their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Stephens reaffirmed an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $174.00 price objective on shares of Canadian National Railway in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.77.

Canadian National Railway 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.