V Square Quantitative Management LLC Acquires 1,062 Shares of Canadian National Railway (NYSE:CNI)

V Square Quantitative Management LLC lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 28.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,734 shares of the transportation company’s stock after acquiring an additional 1,062 shares during the period. V Square Quantitative Management LLC’s holdings in Canadian National Railway were worth $481,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its holdings in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares during the period. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway during the 4th quarter worth about $30,000. Coastline Trust Co bought a new position in shares of Canadian National Railway during the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in Canadian National Railway during the 3rd quarter valued at about $41,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 0.9 %

Canadian National Railway stock opened at $101.69 on Friday. The company’s 50 day simple moving average is $102.88 and its 200 day simple moving average is $109.79. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02. The firm has a market capitalization of $63.95 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.94 and a beta of 0.91. 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 (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate 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 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed 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 a positive change 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 2.42%. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.68%.

Analyst Ratings Changes

Several brokerages recently issued reports on CNI. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Susquehanna cut their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company cut their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a 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 issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

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.