Addison Advisors LLC Grows Stake in Canadian National Railway (NYSE:CNI)

Addison Advisors LLC lifted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 80.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 319 shares of the transportation company’s stock after purchasing an additional 142 shares during the period. Addison Advisors LLC’s holdings in Canadian National Railway were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. XTX Topco Ltd increased its stake in shares of Canadian National Railway by 43.3% during the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after purchasing an additional 4,698 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after purchasing an additional 21,100 shares in the last quarter. Unigestion Holding SA increased its stake in shares of Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after purchasing an additional 120,687 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after purchasing an additional 202,303 shares in the last quarter. Finally, Partners Group Holding AG increased its stake in shares of Canadian National Railway by 16.3% during the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after purchasing an additional 56,849 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $100.56 on Wednesday. The firm’s 50 day moving average price is $102.56 and its 200-day moving average price is $109.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a one year low of $98.69 and a one year high of $134.02. The firm has a market cap of $63.18 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. As a group, equities research analysts predict that Canadian National Railway will post 5.52 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 issued a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Analysts Set New Price Targets

CNI has been the subject of several research reports. Barclays dropped their price objective 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. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Stifel Nicolaus upped their price objective 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. Bank of America dropped their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

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.