Sei Investments Co. Has $37.89 Million Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Sei Investments Co. trimmed its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.5% in the first quarter, HoldingsChannel reports. The firm owned 373,743 shares of the transportation company’s stock after selling 2,058 shares during the period. Sei Investments Co.’s holdings in Canadian National Railway were worth $37,889,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CNI. Royal Bank of Canada grew its holdings in Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company’s stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Canadian National Railway by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company’s stock worth $557,278,000 after purchasing an additional 1,380,554 shares during the period. Capital International Investors grew its holdings in shares of Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company’s stock valued at $1,199,680,000 after buying an additional 1,341,133 shares during the last quarter. Nuveen LLC acquired a new position in shares of Canadian National Railway during the first quarter valued at about $112,216,000. Finally, BLI Banque de Luxembourg Investments acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $70,283,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.1%

Canadian National Railway stock opened at $93.92 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The stock has a market cap of $58.84 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $121.12. The firm’s 50-day simple moving average is $100.61 and its 200 day simple moving average is $100.71.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 earnings per share. Research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be paid a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s dividend payout ratio is presently 50.19%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CNI shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Evercore ISI cut shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective for the company. in a report on Wednesday, July 23rd. Susquehanna reduced their price objective on shares of Canadian National Railway from $122.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Barclays reduced their price objective on shares of Canadian National Railway from $106.00 to $99.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reduced their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $118.36.

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.