Canadian National Railway (NYSE:CNI) Stock Position Raised by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,281,715 shares of the transportation company’s stock after purchasing an additional 128,966 shares during the period. Clearbridge Investments LLC’s holdings in Canadian National Railway were worth $130,107,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway in the 4th quarter worth about $25,000. Arlington Trust Co LLC purchased a new position in shares of Canadian National Railway in the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake 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. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent analyst reports. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Susquehanna reduced their price objective on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday. Royal Bank of Canada dropped their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Trading Down 2.4 %

Shares of CNI stock opened at $97.39 on Monday. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.27. The company has a market cap of $61.20 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $101.07 and its two-hundred day moving average is $106.51.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities analysts predict that Canadian National Railway will post 5.52 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. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.53%. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Canadian National Railway 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.