Kestra Private Wealth Services LLC Boosts Stock Position in Canadian National Railway (NYSE:CNI)

Kestra Private Wealth Services LLC grew its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 15.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,959 shares of the transportation company’s stock after buying an additional 935 shares during the period. Kestra Private Wealth Services LLC’s holdings in Canadian National Railway were worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its position in shares of Canadian National Railway by 2.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,788 shares of the transportation company’s stock valued at $795,000 after buying an additional 157 shares during the last quarter. Marshall Financial Group LLC grew its holdings in shares of Canadian National Railway by 2.0% during the third quarter. Marshall Financial Group LLC now owns 8,373 shares of the transportation company’s stock worth $981,000 after purchasing an additional 164 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Canadian National Railway by 2.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,491 shares of the transportation company’s stock worth $1,346,000 after purchasing an additional 310 shares in the last quarter. Net Worth Advisory Group purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $252,000. Finally, Blue Trust Inc. boosted its position in shares of Canadian National Railway by 100.8% in the 3rd quarter. Blue Trust Inc. now owns 1,301 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 653 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the topic of several research analyst reports. Royal Bank of Canada cut their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. 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. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Performance

Shares of CNI opened at $101.69 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 52-week low of $98.69 and a 52-week high of $134.02. The company has a 50-day simple moving average of $102.98 and a 200-day simple moving average of $109.88. The company has a market capitalization of $63.95 billion, a PE ratio of 19.86, a P/E/G ratio of 1.94 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued 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 return on equity of 22.48% and a net margin of 26.09%. Equities research analysts predict that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.42%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s payout ratio is presently 46.68%.

About Canadian National Railway

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.