Thurston Springer Miller Herd & Titak Inc. Makes New Investment in Canadian National Railway (NYSE:CNI)

Thurston Springer Miller Herd & Titak Inc. bought a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 224 shares of the transportation company’s stock, valued at approximately $26,000.

A number of other large investors have also added to or reduced their stakes in the stock. Bfsg LLC grew its position in shares of Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 105 shares during the period. GAMMA Investing LLC grew its position in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares during the period. Keener Financial Planning LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at $46,000. Rational Advisors LLC bought a new stake in shares of Canadian National Railway during the 1st quarter valued at $49,000. Finally, Knuff & Co LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at $50,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNI. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus lowered their target price on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Susquehanna lowered their target price on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, Stephens lowered their target price on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Sixteen research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $138.35.

Canadian National Railway Stock Up 0.2 %

Shares of NYSE CNI traded up $0.21 during midday trading on Wednesday, reaching $111.89. 122,786 shares of the company’s stock traded hands, compared to its average volume of 1,085,270. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock’s 50 day simple moving average is $119.43 and its 200-day simple moving average is $124.93. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a market cap of $70.76 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.28 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. Canadian National Railway’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts predict that Canadian National Railway will post 5.64 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.614 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio is currently 39.07%.

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.