BLI Banque de Luxembourg Investments Decreases Stake in Canadian National Railway Company $CNI

BLI Banque de Luxembourg Investments decreased its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.4% in the fourth quarter, HoldingsChannel reports. The firm owned 844,888 shares of the transportation company’s stock after selling 58,007 shares during the quarter. Canadian National Railway accounts for approximately 2.5% of BLI Banque de Luxembourg Investments’ investment portfolio, making the stock its 7th largest holding. BLI Banque de Luxembourg Investments’ holdings in Canadian National Railway were worth $83,667,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Everett Harris & Co. CA purchased a new position in shares of Canadian National Railway during the fourth quarter valued at about $204,000. Claret Asset Management Corp grew its position in shares of Canadian National Railway by 54.5% during the fourth quarter. Claret Asset Management Corp now owns 120,355 shares of the transportation company’s stock valued at $11,904,000 after purchasing an additional 42,445 shares in the last quarter. West Family Investments Inc. purchased a new position in shares of Canadian National Railway during the fourth quarter valued at about $264,000. Franklin Resources Inc. grew its position in shares of Canadian National Railway by 0.3% during the fourth quarter. Franklin Resources Inc. now owns 629,572 shares of the transportation company’s stock valued at $62,264,000 after purchasing an additional 1,972 shares in the last quarter. Finally, Erste Asset Management GmbH grew its position in shares of Canadian National Railway by 41.7% during the fourth quarter. Erste Asset Management GmbH now owns 184,501 shares of the transportation company’s stock valued at $18,321,000 after purchasing an additional 54,337 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CNI shares. Barclays raised their price objective on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada raised their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Citigroup raised their price objective on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Finally, Weiss Ratings lowered Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Stock Up 0.4%

Shares of NYSE CNI opened at $120.92 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market capitalization of $73.49 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.31 and a beta of 0.96. The stock has a 50 day moving average price of $111.96 and a 200 day moving average price of $104.89. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.Canadian National Railway’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. Sell-side analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company 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 dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.73%.

About Canadian National Railway

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.