ICW Investment Advisors LLC Increases Stock Position in Canadian National Railway (NYSE:CNI)

ICW Investment Advisors LLC boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,175 shares of the transportation company’s stock after purchasing an additional 486 shares during the quarter. ICW Investment Advisors LLC’s holdings in Canadian National Railway were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock valued at $2,334,251,000 after purchasing an additional 101,228 shares in the last quarter. Guardian Partners Inc. purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $23,468,000. Hillsdale Investment Management Inc. raised its stake in Canadian National Railway by 219.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 57,717 shares of the transportation company’s stock valued at $5,854,000 after purchasing an additional 39,627 shares in the last quarter. Sei Investments Co. raised its stake in shares of Canadian National Railway by 2.0% during the fourth quarter. Sei Investments Co. now owns 375,801 shares of the transportation company’s stock worth $38,148,000 after acquiring an additional 7,461 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Canadian National Railway by 6.7% during the fourth quarter. American Century Companies Inc. now owns 147,878 shares of the transportation company’s stock worth $15,017,000 after acquiring an additional 9,340 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

NYSE:CNI opened at $96.71 on Monday. The stock has a market cap of $60.77 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The firm’s fifty day simple moving average is $101.27 and its 200 day simple moving average is $107.13. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $132.73. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. As a group, research analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.55%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Analyst Ratings Changes

Several research firms have commented on CNI. Wells Fargo & Company decreased their price target on shares of 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. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Barclays decreased their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.19.

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.