Crossmark Global Holdings Inc. Boosts Stake in Canadian National Railway Company (NYSE:CNI)

Crossmark Global Holdings Inc. grew its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 217.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,349 shares of the transportation company's stock after buying an additional 62,544 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Canadian National Railway were worth $8,903,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the 4th quarter worth $30,000. Bruce G. Allen Investments LLC raised its position in Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after purchasing an additional 106 shares during the period. CX Institutional purchased a new position in Canadian National Railway in the 1st quarter worth $39,000. Murphy & Mullick Capital Management Corp purchased a new position in Canadian National Railway in the 4th quarter worth $52,000. Finally, Dunhill Financial LLC raised its position in Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock worth $57,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Down 3.3%

NYSE:CNI opened at $102.98 on Tuesday. Canadian National Railway Company has a one year low of $91.65 and a one year high of $123.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. The company's 50-day simple moving average is $103.76 and its 200 day simple moving average is $101.57. The firm has a market capitalization of $64.66 billion, a P/E ratio of 20.07, a PEG ratio of 1.99 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share. As a group, analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a $0.8875 dividend. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from Canadian National Railway's previous dividend of $0.29. This represents a yield of 2.47%. Canadian National Railway's payout ratio is 50.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group cut their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Bank of America raised their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Stephens raised their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Citigroup raised their price target on shares of Canadian National Railway from $117.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Canadian National Railway has an average rating of "Moderate Buy" and an average target price of $120.52.

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.

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