Canadian National Railway (NYSE:CNI) Position Boosted by Financial Counselors Inc.

Financial Counselors Inc. boosted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 27.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,301 shares of the transportation company’s stock after acquiring an additional 501 shares during the quarter. Financial Counselors Inc.’s holdings in Canadian National Railway were worth $234,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the 4th quarter worth about $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Canadian National Railway by 48.2% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. Susquehanna reduced their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada dropped their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Stock Performance

Shares of CNI opened at $97.39 on Friday. The company has a market capitalization of $61.20 billion, a PE ratio of 19.02, a PEG ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company’s 50 day moving average price is $101.07 and its 200 day moving average price is $106.58. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $132.27.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Research analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 47.66%.

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.