Intact Investment Management Inc. Sells 83,170 Shares of Canadian National Railway (NYSE:CNI)

Intact Investment Management Inc. reduced its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 24.5% in the 4th quarter, HoldingsChannel reports. The firm owned 255,724 shares of the transportation company’s stock after selling 83,170 shares during the period. Canadian National Railway accounts for about 1.3% of Intact Investment Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Intact Investment Management Inc.’s holdings in Canadian National Railway were worth $32,144,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 241.1% in the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 121.0% in the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares during the last quarter. Rational Advisors LLC bought a new position in shares of Canadian National Railway in the third quarter worth about $41,000. Crewe Advisors LLC bought a new position in shares of Canadian National Railway in the third quarter worth about $43,000. Finally, Keener Financial Planning LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth about $46,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.4 %

Shares of Canadian National Railway stock traded up $0.45 on Friday, hitting $125.23. The company had a trading volume of 847,446 shares, compared to its average volume of 1,025,080. The firm has a market capitalization of $79.98 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.18 and a beta of 0.88. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.47. The stock has a 50-day moving average of $129.49 and a 200-day moving average of $122.34.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. Research analysts predict that Canadian National Railway will post 5.92 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 40.03%.

Analyst Ratings Changes

Several brokerages have recently commented on CNI. Susquehanna Bancshares lifted their price target on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Susquehanna lifted their price target on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stephens reiterated an “equal weight” rating and set a $140.00 price target on shares of Canadian National Railway in a research report on Wednesday. Finally, Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Eighteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $149.05.

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.