Choreo LLC Raises Holdings in Canadian National Railway (NYSE:CNI)

Choreo LLC boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,978 shares of the transportation company’s stock after buying an additional 3,596 shares during the period. Choreo LLC’s holdings in Canadian National Railway were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after buying an additional 790,420 shares during the period. National Bank of Canada FI increased its holdings in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after buying an additional 2,137,948 shares during the period. Fiera Capital Corp increased its holdings in Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after buying an additional 39,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Canadian National Railway by 5.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after buying an additional 202,303 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Canadian National Railway by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company’s stock worth $302,895,000 after buying an additional 158,757 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CNI shares. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Trading Down 1.6 %

Shares of CNI stock opened at $101.53 on Friday. The stock’s fifty day moving average is $103.76 and its two-hundred day moving average is $110.40. 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 firm has a market capitalization of $63.85 billion, a P/E ratio of 19.83, a PEG ratio of 2.47 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced 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%. Research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.43%. Canadian National Railway’s dividend payout ratio (DPR) is 46.68%.

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.