Canadian National Railway (NYSE:CNI) Shares Sold by Lion Street Advisors LLC

Lion Street Advisors LLC cut its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,781 shares of the transportation company’s stock after selling 175 shares during the quarter. Lion Street Advisors LLC’s holdings in Canadian National Railway were worth $209,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strong Tower Advisory Services lifted its position in shares of Canadian National Railway by 14.0% in the third quarter. Strong Tower Advisory Services now owns 15,083 shares of the transportation company’s stock valued at $1,767,000 after acquiring an additional 1,856 shares in the last quarter. Sage Capital Advisors llc acquired a new position in Canadian National Railway in the 3rd quarter valued at $1,301,000. Atomi Financial Group Inc. lifted its holdings in Canadian National Railway by 53.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,094 shares of the transportation company’s stock valued at $480,000 after purchasing an additional 1,423 shares in the last quarter. Park Place Capital Corp boosted its stake in Canadian National Railway by 563.8% during the 3rd quarter. Park Place Capital Corp now owns 2,237 shares of the transportation company’s stock worth $262,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Pacifica Partners Inc. boosted its stake in Canadian National Railway by 25.9% during the 3rd quarter. Pacifica Partners Inc. now owns 18,302 shares of the transportation company’s stock worth $2,147,000 after purchasing an additional 3,760 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.6 %

Shares of NYSE CNI opened at $115.84 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $115.54 and its two-hundred day moving average is $120.66. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The firm has a market cap of $72.95 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.55 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts predict that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a dividend of $0.614 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.12%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.26%.

Analyst Ratings Changes

A number of brokerages have recently commented on CNI. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday. The Goldman Sachs Group decreased their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday. Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Susquehanna reduced their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.02.

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.