Canadian National Railway (NYSE:CNI) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 375,801 shares of the transportation company’s stock after purchasing an additional 7,461 shares during the period. Sei Investments Co. owned approximately 0.06% of Canadian National Railway worth $38,148,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commerce Bank raised its position in Canadian National Railway by 8.9% in the third quarter. Commerce Bank now owns 5,278 shares of the transportation company’s stock worth $618,000 after acquiring an additional 431 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Canadian National Railway by 41.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,644 shares of the transportation company’s stock worth $1,130,000 after purchasing an additional 2,845 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Canadian National Railway by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,368,496 shares of the transportation company’s stock valued at $160,419,000 after purchasing an additional 66,531 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Canadian National Railway in the third quarter valued at about $261,000. Finally, Citigroup Inc. boosted its holdings in Canadian National Railway by 3.4% during the third quarter. Citigroup Inc. now owns 114,124 shares of the transportation company’s stock worth $13,379,000 after buying an additional 3,774 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CNI shares. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Barclays lowered 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. Wells Fargo & Company cut their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Susquehanna lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group raised 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Up 2.0 %

Shares of NYSE:CNI opened at $98.73 on Tuesday. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.73. The stock’s 50-day moving average price is $101.24 and its two-hundred day moving average price is $106.99. The firm has a market cap of $62.04 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.95 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results 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 net margin of 26.09% and a return on equity of 22.48%. On average, research analysts forecast that Canadian National Railway will post 5.52 EPS 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 $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is 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.