Barnett & Company Inc. Has $1.63 Million Stock Position in Canadian National Railway (NYSE:CNI)

Barnett & Company Inc. lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,004 shares of the transportation company’s stock after selling 300 shares during the period. Barnett & Company Inc.’s holdings in Canadian National Railway were worth $1,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ICW Investment Advisors LLC lifted its position in shares of Canadian National Railway by 3.1% in the 4th quarter. ICW Investment Advisors LLC now owns 16,175 shares of the transportation company’s stock valued at $1,642,000 after acquiring an additional 486 shares in the last quarter. Vanguard Group Inc. raised its stake in Canadian National Railway by 0.4% during the 4th 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 during the period. Guardian Partners Inc. purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $23,468,000. Hillsdale Investment Management Inc. boosted its position in shares of 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 worth $5,854,000 after buying an additional 39,627 shares during the period. Finally, Sei Investments Co. grew its holdings 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 valued at $38,148,000 after buying an additional 7,461 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CNI shares. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Performance

CNI opened at $96.71 on Monday. The stock’s 50 day simple moving average is $101.27 and its 200-day simple moving average is $107.13. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $60.77 billion, a PE ratio of 18.89, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. Sell-side analysts forecast that Canadian National Railway will post 5.52 EPS 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. Investors of record on Monday, March 10th will be given a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is 47.66%.

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.