Summerhill Capital Management lnc. Grows Stake in Canadian National Railway (NYSE:CNI)

Summerhill Capital Management lnc. grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,647 shares of the transportation company’s stock after purchasing an additional 629 shares during the period. Canadian National Railway makes up about 3.5% of Summerhill Capital Management lnc.’s holdings, making the stock its 14th biggest position. Summerhill Capital Management lnc.’s holdings in Canadian National Railway were worth $4,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian National Railway by 48.2% in the fourth 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 period. Catalytic Wealth RIA LLC raised its position in shares of Canadian National Railway by 2.3% in the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after purchasing an additional 123 shares during the period. Assetmark Inc. raised its position in shares of Canadian National Railway by 3.1% in the third quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock valued at $583,000 after purchasing an additional 152 shares during the period. Banque Cantonale Vaudoise raised its position in shares of Canadian National Railway by 5.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock valued at $363,000 after purchasing an additional 152 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of Canadian National Railway by 5.3% in the third quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company’s stock valued at $369,000 after purchasing an additional 158 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CNI. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Barclays decreased their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $103.81 on Friday. The company’s fifty day moving average price is $102.64 and its 200-day moving average price is $109.47. The firm has a market capitalization of $65.22 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.93 and a beta of 0.91. Canadian National Railway has a one year low of $98.69 and a one year high of $134.02. 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 issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 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%. On average, equities research analysts anticipate that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.37%. Canadian National Railway’s dividend payout ratio is 46.68%.

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.