NEOS Investment Management LLC Buys 1,624 Shares of Canadian National Railway (NYSE:CNI)

NEOS Investment Management LLC lifted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 79.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,674 shares of the transportation company’s stock after purchasing an additional 1,624 shares during the quarter. NEOS Investment Management LLC’s holdings in Canadian National Railway were worth $373,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway during the fourth quarter worth about $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC raised its position in 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 purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $34,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Down 0.1 %

Shares of NYSE CNI opened at $97.35 on Tuesday. Canadian National Railway has a 52-week low of $93.64 and a 52-week high of $132.27. 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 stock has a market cap of $61.17 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.95 and a beta of 0.91. The firm has a 50 day moving average price of $100.98 and a 200 day moving average price of $106.35.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) 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%. Analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s dividend payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research reports. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Barclays dropped their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Finally, Bank of America decreased their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $124.02.

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.