Canadian National Railway (NYSE:CNI) Stock Holdings Lowered by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lessened its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 66.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 148,272 shares of the transportation company’s stock after selling 294,334 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Canadian National Railway were worth $15,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC raised its position in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at $30,000. Coastline Trust Co purchased a new stake in shares of Canadian National Railway in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 worth $34,000 after buying an additional 108 shares during the period. Finally, Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway during the third quarter valued at $41,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. 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 report on Friday, January 31st. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Stifel Nicolaus raised their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Price Performance

Shares of CNI stock opened at $103.81 on Friday. The stock’s fifty day moving average is $102.64 and its 200-day moving average is $109.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 52 week low of $98.69 and a 52 week high of $134.02. The stock has a market capitalization of $65.22 billion, a PE ratio of 20.28, a PEG ratio of 1.93 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released 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 net margin of 26.09% and a return on equity of 22.48%. Equities research analysts expect that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is presently 46.68%.

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.