Canadian National Railway (CNI) is Her Majesty the Queen in Right of the Province of Alberta as repr

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 21.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,956,400 shares of the transportation company’s stock after selling 522,300 shares during the period. Canadian National Railway accounts for about 1.7% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 7th biggest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.27% of Canadian National Railway worth $184,215,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in shares of Canadian National Railway in the first quarter worth about $117,000. Private Capital Group LLC raised its stake in shares of Canadian National Railway by 913.9% in the first quarter. Private Capital Group LLC now owns 1,673 shares of the transportation company’s stock worth $122,000 after acquiring an additional 1,508 shares during the last quarter. Avestar Capital LLC bought a new position in shares of Canadian National Railway in the first quarter worth about $123,000. Captrust Financial Advisors bought a new position in shares of Canadian National Railway in the fourth quarter worth about $142,000. Finally, Assetmark Inc. raised its stake in shares of Canadian National Railway by 73.7% in the first quarter. Assetmark Inc. now owns 1,947 shares of the transportation company’s stock worth $142,000 after acquiring an additional 826 shares during the last quarter. Hedge funds and other institutional investors own 54.95% of the company’s stock.

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CNI has been the subject of a number of research analyst reports. Raymond James raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating and set a $80.81 target price for the company in a research note on Tuesday, April 3rd. Cowen reissued an “outperform” rating and set a $86.00 price target (down from $90.00) on shares of Canadian National Railway in a research note on Wednesday, February 28th. Zacks Investment Research downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. Bank of America downgraded shares of Canadian National Railway from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 6th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $75.00 price target (down from $83.00) on shares of Canadian National Railway in a research note on Thursday, March 8th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $84.98.

Shares of CNI traded down $0.63 on Monday, reaching $82.53. 26,300 shares of the company’s stock were exchanged, compared to its average volume of 885,738. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.61 and a quick ratio of 0.50. The company has a market cap of $61.22 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. Canadian National Railway has a 12 month low of $70.59 and a 12 month high of $85.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Monday, April 23rd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.20. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a net margin of 41.03% and a return on equity of 23.02%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share. analysts expect that Canadian National Railway will post 4.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be issued a dividend of $0.3603 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 7th. Canadian National Railway’s dividend payout ratio is currently 36.46%.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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