Raub Brock Capital Management LP Sells 5,751 Shares of Canadian National Railway (NYSE:CNI)

Raub Brock Capital Management LP cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,268 shares of the transportation company’s stock after selling 5,751 shares during the quarter. Canadian National Railway comprises about 3.6% of Raub Brock Capital Management LP’s holdings, making the stock its 18th largest position. Raub Brock Capital Management LP’s holdings in Canadian National Railway were worth $17,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Canadian National Railway during the 4th quarter valued at $769,556,000. Canoe Financial LP raised its stake in shares of Canadian National Railway by 8,401.1% during the 4th quarter. Canoe Financial LP now owns 4,007,186 shares of the transportation company’s stock valued at $503,423,000 after purchasing an additional 3,960,049 shares during the period. Capital International Investors raised its stake in shares of Canadian National Railway by 63.2% during the 4th quarter. Capital International Investors now owns 7,623,561 shares of the transportation company’s stock valued at $957,845,000 after purchasing an additional 2,951,506 shares during the period. Wellington Management Group LLP raised its stake in shares of Canadian National Railway by 9.6% during the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after purchasing an additional 1,907,938 shares during the period. Finally, FIL Ltd raised its stake in shares of Canadian National Railway by 7.2% during the 4th quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock valued at $2,412,032,000 after purchasing an additional 1,280,726 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNI shares. StockNews.com cut Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Stephens restated an “equal weight” rating and set a $140.00 target price on shares of Canadian National Railway in a research report on Wednesday, April 24th. Jefferies Financial Group started coverage on Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 target price for the company. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Eighteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of $148.95.

Canadian National Railway Trading Up 0.3 %

CNI stock traded up $0.38 during trading on Tuesday, hitting $117.07. 100,811 shares of the company traded hands, compared to its average volume of 1,059,961. The company has a 50-day moving average of $123.88 and a 200-day moving average of $126.25. The firm has a market capitalization of $74.28 billion, a PE ratio of 18.61, a P/E/G ratio of 2.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Analysts predict that Canadian National Railway will post 5.9 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, June 7th. Canadian National Railway’s payout ratio is 39.08%.

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.