SRS Capital Advisors Inc. Cuts Holdings in Canadian National Railway (NYSE:CNI)

SRS Capital Advisors Inc. lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,111 shares of the transportation company’s stock after selling 197 shares during the period. SRS Capital Advisors Inc.’s holdings in Canadian National Railway were worth $391,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. PDS Planning Inc boosted its stake in Canadian National Railway by 2.0% during the fourth quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock valued at $574,000 after buying an additional 89 shares during the period. Tacita Capital Inc increased its position in shares of Canadian National Railway by 0.4% in the third quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company’s stock valued at $2,972,000 after acquiring an additional 97 shares during the period. Signaturefd LLC boosted its holdings in shares of Canadian National Railway by 1.0% during the third quarter. Signaturefd LLC now owns 10,739 shares of the transportation company’s stock worth $1,163,000 after purchasing an additional 110 shares during the period. Legacy Wealth Asset Management LLC grew its stake in shares of Canadian National Railway by 1.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 10,496 shares of the transportation company’s stock worth $1,137,000 after purchasing an additional 111 shares during the last quarter. Finally, First Foundation Advisors increased its holdings in Canadian National Railway by 0.9% during the 3rd quarter. First Foundation Advisors now owns 12,852 shares of the transportation company’s stock valued at $1,392,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the subject of several research analyst reports. TD Securities cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Susquehanna Bancshares raised their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. Barclays boosted their price target on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group started coverage on shares of Canadian National Railway in a report on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective for the company. Seventeen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and a consensus target price of $149.05.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up $1.58 during midday trading on Friday, reaching $123.54. 779,122 shares of the company traded hands, compared to its average volume of 1,015,409. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. The business has a 50 day moving average of $128.89 and a two-hundred day moving average of $122.72. The firm has a market capitalization of $78.90 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.02%. Canadian National Railway’s payout ratio is 40.03%.

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.