Hillsdale Investment Management Inc. Purchases 39,627 Shares of Canadian National Railway (NYSE:CNI)

Hillsdale Investment Management Inc. boosted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 219.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,717 shares of the transportation company’s stock after purchasing an additional 39,627 shares during the period. Hillsdale Investment Management Inc.’s holdings in Canadian National Railway were worth $5,854,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CNI. XTX Topco Ltd grew its stake in Canadian National Railway by 43.3% in the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after acquiring an additional 4,698 shares in the last quarter. Unigestion Holding SA grew its stake in Canadian National Railway by 363.6% in the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after acquiring an additional 120,687 shares in the last quarter. Partners Group Holding AG grew its stake in Canadian National Railway by 16.3% in the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after acquiring an additional 56,849 shares in the last quarter. Synovus Financial Corp grew its stake in Canadian National Railway by 82.3% in the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after acquiring an additional 6,261 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC bought a new position in Canadian National Railway in the 4th quarter worth about $436,000. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of 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. Jefferies Financial Group upgraded 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. Barclays dropped their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Susquehanna dropped their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Trading Down 1.1 %

NYSE:CNI opened at $96.71 on Friday. The firm has a 50 day moving average of $101.27 and a 200 day moving average of $107.28. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $133.11. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.55%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is currently 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.