4,637 Shares in Canadian National Railway (NYSE:CNI) Bought by Natural Investments LLC

Natural Investments LLC bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, HoldingsChannel reports. The fund bought 4,637 shares of the transportation company’s stock, valued at approximately $470,000.

Several other large investors have also recently bought and sold shares of CNI. Quintet Private Bank Europe S.A. acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $25,000. Coastline Trust Co acquired a new stake in Canadian National Railway in the third quarter worth $34,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the 4th quarter valued at about $30,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Trading Down 2.9 %

Shares of NYSE:CNI opened at $95.33 on Wednesday. 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 has a 1 year low of $93.64 and a 1 year high of $134.02. The company has a market cap of $59.89 billion, a P/E ratio of 18.62, a PEG ratio of 1.95 and a beta of 0.91. The stock’s fifty day moving average price is $102.08 and its 200-day moving average price is $108.28.

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 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%. Sell-side analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.58%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 47.85%.

Wall Street Analysts Forecast Growth

CNI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Barclays dropped 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 report on Friday, January 17th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Finally, Bank of America cut their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.