Canadian National Railway (NYSE:CNI) Shares Purchased by Guardian Capital LP

Guardian Capital LP grew its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 327,417 shares of the transportation company's stock after purchasing an additional 18,051 shares during the period. Canadian National Railway makes up about 1.2% of Guardian Capital LP's holdings, making the stock its 21st biggest position. Guardian Capital LP owned approximately 0.05% of Canadian National Railway worth $33,231,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway in the fourth quarter valued at $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC grew its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CNI. Wells Fargo & Company decreased their price target on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Raymond James lowered Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Jefferies Financial Group cut their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada lowered their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Susquehanna cut their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.36.

Canadian National Railway Stock Down 0.1 %

CNI opened at $96.44 on Wednesday. The stock has a market capitalization of $60.61 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $129.18. 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 business has a 50-day moving average of $98.27 and a two-hundred day moving average of $103.48.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results 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%. On average, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Monday, March 10th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is 47.66%.

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.

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