Advisory Resource Group Purchases 1,623 Shares of Canadian National Railway (NYSE:CNI)

Advisory Resource Group grew its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 19.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,014 shares of the transportation company’s stock after acquiring an additional 1,623 shares during the period. Advisory Resource Group’s holdings in Canadian National Railway were worth $1,017,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CNI. Grove Bank & Trust raised its stake in shares of Canadian National Railway by 15.3% during the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after acquiring an additional 97 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the period. Catalytic Wealth RIA LLC raised its position in Canadian National Railway by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after purchasing an additional 123 shares during the period. Harrington Investments INC lifted its stake in Canadian National Railway by 0.6% in the third quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock worth $2,384,000 after purchasing an additional 130 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in Canadian National Railway by 3.2% during the third quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company’s stock valued at $513,000 after buying an additional 135 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

CNI stock opened at $101.53 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1 year low of $98.69 and a 1 year high of $134.02. The firm has a 50-day moving average of $103.56 and a 200 day moving average of $110.26. The company has a market cap of $63.85 billion, a P/E ratio of 19.83, a PEG ratio of 1.94 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, sell-side analysts forecast that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 46.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CNI. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Stephens reaffirmed an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Finally, TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $124.19.

About Canadian National Railway

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.