Janus Henderson Group PLC Cuts Stake in Canadian National Railway (CNI)

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Janus Henderson Group PLC lowered its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 53.5% during the second quarter, HoldingsChannel.com reports. The fund owned 702,108 shares of the transportation company’s stock after selling 806,641 shares during the quarter. Janus Henderson Group PLC’s holdings in Canadian National Railway were worth $57,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Canadian National Railway by 112.7% in the second quarter. BlackRock Inc. now owns 205,306 shares of the transportation company’s stock worth $16,784,000 after acquiring an additional 108,761 shares during the period. Cumberland Partners Ltd acquired a new stake in shares of Canadian National Railway in the second quarter worth $1,283,000. Sun Life Financial INC increased its stake in shares of Canadian National Railway by 1,288.2% in the second quarter. Sun Life Financial INC now owns 12,535 shares of the transportation company’s stock worth $1,025,000 after acquiring an additional 11,632 shares during the period. Private Advisor Group LLC increased its stake in shares of Canadian National Railway by 25.8% in the second quarter. Private Advisor Group LLC now owns 5,692 shares of the transportation company’s stock worth $466,000 after acquiring an additional 1,167 shares during the period. Finally, Kwmg LLC increased its stake in shares of Canadian National Railway by 4.7% in the second quarter. Kwmg LLC now owns 29,012 shares of the transportation company’s stock worth $2,372,000 after acquiring an additional 1,291 shares during the period. Hedge funds and other institutional investors own 54.18% of the company’s stock.

Shares of NYSE CNI opened at $86.80 on Friday. Canadian National Railway has a 1 year low of $70.59 and a 1 year high of $90.57. The firm has a market cap of $63.48 billion, a P/E ratio of 22.60, a PEG ratio of 2.23 and a beta of 1.05. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.46. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.57 billion. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. research analysts anticipate that Canadian National Railway will post 4.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be issued a dividend of $0.3429 per share. This represents a $1.37 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, September 6th. Canadian National Railway’s payout ratio is 36.46%.

A number of analysts have recently weighed in on CNI shares. Goldman Sachs Group lowered shares of Canadian National Railway from a “buy” rating to a “neutral” rating and set a $102.00 price objective on the stock. in a research note on Monday, May 14th. Cowen reissued a “buy” rating and set a $87.00 price target on shares of Canadian National Railway in a report on Tuesday, May 15th. Bank of America raised shares of Canadian National Railway from an “underperform” rating to a “buy” rating and increased their price target for the stock from $72.00 to $93.00 in a report on Thursday, May 17th. Macquarie downgraded shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a report on Thursday, May 17th. They noted that the move was a valuation call. Finally, Stifel Nicolaus initiated coverage on shares of Canadian National Railway in a report on Thursday, May 24th. They set a “hold” rating and a $84.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $89.80.

Canadian National Railway Company Profile

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.

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

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