Ridgewood Investments LLC Purchases 924 Shares of Canadian National Railway (NYSE:CNI)

Ridgewood Investments LLC lifted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 92.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,923 shares of the transportation company’s stock after buying an additional 924 shares during the quarter. Ridgewood Investments LLC’s holdings in Canadian National Railway were worth $195,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Grove Bank & Trust raised its stake in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after purchasing an additional 97 shares in the last quarter. Catalytic Wealth RIA LLC increased its holdings 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 valued at $654,000 after buying an additional 123 shares during the period. Harrington Investments INC increased its holdings in Canadian National Railway by 0.6% in the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock valued at $2,384,000 after buying an additional 130 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Canadian National Railway by 15.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock valued at $113,000 after buying an additional 131 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in Canadian National Railway by 3.2% in the 3rd 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. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CNI. Wells Fargo & Company decreased their target price on shares of Canadian National Railway from $133.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group decreased their price target 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. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein reduced their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.57.

Canadian National Railway Stock Down 1.7 %

Shares of Canadian National Railway stock traded down $1.71 during trading on Friday, reaching $100.69. 490,183 shares of the company traded hands, compared to its average volume of 1,016,138. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. Canadian National Railway has a 1-year low of $98.96 and a 1-year high of $134.02. The company has a 50 day moving average price of $106.58 and a 200-day moving average price of $112.63. The firm has a market capitalization of $63.35 billion, a PE ratio of 16.14, a P/E/G ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $0.6108 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.43%. Canadian National Railway’s payout ratio is 38.14%.

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.