Banque Transatlantique SA Has $16.14 Million Holdings in Canadian National Railway Company $CNI

Banque Transatlantique SA decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 15.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,025 shares of the transportation company’s stock after selling 28,715 shares during the period. Banque Transatlantique SA’s holdings in Canadian National Railway were worth $16,142,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC raised its position in shares of Canadian National Railway by 2.0% in the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after purchasing an additional 103 shares during the period. Smartleaf Asset Management LLC raised its holdings in Canadian National Railway by 19.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 103 shares during the period. Tacita Capital Inc lifted its position in Canadian National Railway by 0.6% during the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after acquiring an additional 109 shares during the last quarter. Roberts Glore & Co. Inc. IL lifted its position in Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after acquiring an additional 110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 10.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock worth $116,000 after acquiring an additional 113 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNI has been the topic of several research reports. Sanford C. Bernstein upped their target price on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Weiss Ratings cut Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Barclays boosted their price target on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada upped their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Stock Down 0.5%

Shares of CNI opened at $113.42 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $122.48. The firm’s 50 day moving average is $114.19 and its 200-day moving average is $106.25. The stock has a market capitalization of $68.81 billion, a PE ratio of 20.62, a P/E/G ratio of 2.18 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. Equities research analysts forecast that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.2%. Canadian National Railway’s payout ratio is currently 48.55%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.