Motley Fool Asset Management LLC Acquires 7,144 Shares of Canadian National Railway (NYSE:CNI)

Motley Fool Asset Management LLC boosted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,210 shares of the transportation company’s stock after buying an additional 7,144 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Canadian National Railway were worth $12,406,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd grew its position in shares of Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock valued at $1,822,000 after acquiring an additional 4,698 shares during the period. Unigestion Holding SA lifted its stake in Canadian National Railway by 363.6% in the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after purchasing an additional 120,687 shares during the last quarter. Synovus Financial Corp lifted its stake in Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock valued at $1,625,000 after purchasing an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new position in Canadian National Railway during the fourth quarter valued at $436,000. Finally, Two Sigma Advisers LP raised its stake in shares of Canadian National Railway by 123.7% in the third quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company’s stock valued at $20,170,000 after buying an additional 95,200 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI stock opened at $100.28 on Thursday. The firm has a 50 day simple moving average of $100.80 and a two-hundred day simple moving average of $106.17. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The stock has a market cap of $63.02 billion, a PE ratio of 19.59, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a one year low of $93.64 and a one year high of $132.27.

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 (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%. On average, analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNI. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 10th. Susquehanna lowered their price target on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Bank of America reduced 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. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.36.

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.