Lee Danner & Bass Inc. Buys Shares of 300 Canadian National Railway (NYSE:CNI)

Lee Danner & Bass Inc. bought a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 300 shares of the transportation company’s stock, valued at approximately $30,000.

Several other institutional investors also recently bought and sold shares of the company. Lowe Brockenbrough & Co. Inc. boosted its stake in Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock valued at $1,167,000 after acquiring an additional 139 shares in the last quarter. Douglass Winthrop Advisors LLC boosted its stake in Canadian National Railway by 2.4% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 1,036,068 shares of the transportation company’s stock valued at $105,171,000 after acquiring an additional 24,145 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in Canadian National Railway by 40.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 306,201 shares of the transportation company’s stock valued at $31,038,000 after acquiring an additional 88,447 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $249,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Canadian National Railway during the fourth quarter worth $4,568,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CNI. Bank of America lowered their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 10th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Susquehanna lowered their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Stock Down 1.1 %

CNI opened at $96.71 on Monday. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.73. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a fifty day moving average of $101.27 and a two-hundred day moving average of $107.13. 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 (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 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%. On average, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. The ex-dividend date of this dividend 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 payout ratio 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.