K.J. Harrison & Partners Inc Purchases New Stake in Canadian National Railway (NYSE:CNI)

K.J. Harrison & Partners Inc acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 8,006 shares of the transportation company’s stock, valued at approximately $1,008,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Callan Capital LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at about $217,000. Bryn Mawr Capital Management LLC lifted its holdings in Canadian National Railway by 16.9% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 2,216 shares of the transportation company’s stock valued at $278,000 after acquiring an additional 321 shares during the last quarter. Motley Fool Asset Management LLC grew its position in Canadian National Railway by 101.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 128,234 shares of the transportation company’s stock worth $16,110,000 after acquiring an additional 64,657 shares during the period. Syon Capital LLC increased its stake in Canadian National Railway by 19.2% during the fourth quarter. Syon Capital LLC now owns 7,111 shares of the transportation company’s stock worth $893,000 after acquiring an additional 1,145 shares during the last quarter. Finally, Cumberland Partners Ltd raised its holdings in Canadian National Railway by 2.4% in the 4th quarter. Cumberland Partners Ltd now owns 241,700 shares of the transportation company’s stock valued at $30,365,000 after buying an additional 5,775 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.4 %

Shares of Canadian National Railway stock traded up $0.45 during trading hours on Friday, hitting $125.23. 847,446 shares of the company’s stock traded hands, compared to its average volume of 1,025,080. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a market cap of $79.98 billion, a PE ratio of 19.97, a PEG ratio of 2.18 and a beta of 0.88. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $129.49 and a 200-day simple moving average of $122.34.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. Equities research analysts anticipate that Canadian National Railway will post 5.92 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is currently 40.03%.

Analysts Set New Price Targets

Several analysts recently weighed in on CNI shares. Wells Fargo & Company lifted their target price on shares of Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Jefferies Financial Group assumed coverage on Canadian National Railway in a report on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective on the stock. Susquehanna raised their target price on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Finally, TD Securities cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $149.05.

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.