Canadian National Railway (NYSE:CNI) Shares Sold by JLB & Associates Inc.

JLB & Associates Inc. decreased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,723 shares of the transportation company’s stock after selling 2,076 shares during the period. JLB & Associates Inc.’s holdings in Canadian National Railway were worth $8,194,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cumberland Partners Ltd increased its holdings in shares of Canadian National Railway by 0.3% in the fourth quarter. Cumberland Partners Ltd now owns 279,115 shares of the transportation company’s stock valued at $28,279,000 after purchasing an additional 702 shares during the last quarter. Lorne Steinberg Wealth Management Inc. grew its holdings in Canadian National Railway by 15.1% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 61,119 shares of the transportation company’s stock valued at $6,200,000 after buying an additional 8,002 shares in the last quarter. Callahan Advisors LLC increased its stake in shares of Canadian National Railway by 23.1% in the 4th quarter. Callahan Advisors LLC now owns 87,463 shares of the transportation company’s stock worth $8,878,000 after acquiring an additional 16,394 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter worth $59,000. Finally, Pembroke Management LTD raised its holdings in shares of Canadian National Railway by 25.9% during the 4th quarter. Pembroke Management LTD now owns 6,913 shares of the transportation company’s stock worth $702,000 after acquiring an additional 1,420 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CNI shares. 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. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna reduced 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. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Finally, Barclays cut their target price on 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Stock Up 1.4 %

Shares of NYSE:CNI opened at $103.81 on Friday. The firm’s 50-day moving average is $102.64 and its two-hundred day moving average is $109.47. 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 $98.69 and a 1 year high of $134.02. The firm has a market capitalization of $65.22 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91.

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 return on equity of 22.48% and a net margin of 26.09%. Analysts predict that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed 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 is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) 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.