Cambridge Trust Co. Buys 1,200 Shares of Canadian National Railway (NYSE:CNI)

Cambridge Trust Co. increased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,344 shares of the transportation company’s stock after acquiring an additional 1,200 shares during the quarter. Cambridge Trust Co.’s holdings in Canadian National Railway were worth $546,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CNI. BCK Partners Inc. bought a new stake in Canadian National Railway in the first quarter valued at $2,575,000. BlackRock Inc. raised its holdings in shares of Canadian National Railway by 26.2% in the first quarter. BlackRock Inc. now owns 931,027 shares of the transportation company’s stock valued at $124,888,000 after purchasing an additional 193,116 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Canadian National Railway by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 762,341 shares of the transportation company’s stock valued at $102,260,000 after purchasing an additional 22,984 shares in the last quarter. Blair William & Co. IL boosted its holdings in Canadian National Railway by 1.4% during the first quarter. Blair William & Co. IL now owns 60,441 shares of the transportation company’s stock worth $8,107,000 after purchasing an additional 807 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Canadian National Railway by 18.9% in the 1st quarter. Allianz Asset Management GmbH now owns 33,602 shares of the transportation company’s stock valued at $4,511,000 after buying an additional 5,349 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNI has been the subject of several recent analyst reports. TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. CIBC lowered Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Barclays boosted their price target on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Wells Fargo & Company increased their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Susquehanna decreased their price target on shares of Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Eighteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.52.

Canadian National Railway Trading Down 0.9 %

Shares of CNI opened at $126.00 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a market capitalization of $80.47 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.21 and a beta of 0.88. The firm’s 50 day simple moving average is $129.72 and its 200 day simple moving average is $121.52.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Sell-side analysts forecast that Canadian National Railway will post 5.94 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.638 per share. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.59%.

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.