Canadian National Railway (NYSE:CNI) Stock Holdings Lifted by Lincluden Management Ltd.

Lincluden Management Ltd. grew its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 31.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 362,587 shares of the transportation company’s stock after acquiring an additional 86,096 shares during the quarter. Canadian National Railway makes up about 4.5% of Lincluden Management Ltd.’s investment portfolio, making the stock its 7th largest holding. Lincluden Management Ltd.’s holdings in Canadian National Railway were worth $36,819,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNI. Fortitude Family Office LLC lifted its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Arlington Trust Co LLC bought a new position in Canadian National Railway during the fourth quarter valued at about $30,000. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 80.2% in 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 last quarter. Coastline Trust Co bought a new stake in shares of Canadian National Railway during the 3rd quarter worth about $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CNI shares. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Susquehanna lowered their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Down 2.8 %

CNI stock opened at $101.06 on Tuesday. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market cap of $63.49 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The business’s 50-day simple moving average is $102.61 and its 200 day simple moving average is $109.33.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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 anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid 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 yield of 2.44%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is currently 46.68%.

Canadian National Railway 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.