Raub Brock Capital Management LP Has $14.80 Million Holdings in Canadian National Railway (NYSE:CNI)

Raub Brock Capital Management LP trimmed its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.0% during the third quarter, HoldingsChannel reports. The fund owned 126,347 shares of the transportation company’s stock after selling 1,325 shares during the period. Canadian National Railway comprises about 3.0% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 21st largest position. Raub Brock Capital Management LP’s holdings in Canadian National Railway were worth $14,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC bought a new position in Canadian National Railway in the fourth quarter valued at approximately $339,000. CWM LLC boosted its position in Canadian National Railway by 7.8% during the first quarter. CWM LLC now owns 4,021 shares of the transportation company’s stock worth $530,000 after purchasing an additional 291 shares during the period. GAMMA Investing LLC raised its position in shares of Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Canadian National Railway by 24.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 966 shares of the transportation company’s stock worth $127,000 after buying an additional 190 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Canadian National Railway by 10.4% during the 1st quarter. Park Avenue Securities LLC now owns 14,716 shares of the transportation company’s stock worth $1,938,000 after buying an additional 1,386 shares during the period. 80.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America cut Canadian National Railway from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $129.00 to $122.00 in a report on Friday, October 4th. Stephens cut their price objective on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. 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 report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Finally, Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. One 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 data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $126.02.

Canadian National Railway Price Performance

NYSE CNI opened at $113.62 on Friday. The company has a market cap of $71.85 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.56 and a beta of 0.88. 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 firm’s 50-day simple moving average is $115.94 and its two-hundred day simple moving average is $120.16. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.

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

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued 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 2.16%. Canadian National Railway’s dividend payout ratio (DPR) is 39.07%.

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.