FIL Ltd Has $287.23 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

FIL Ltd lowered its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 33.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,828,530 shares of the transportation company’s stock after selling 1,444,978 shares during the period. FIL Ltd’s holdings in Canadian National Railway were worth $287,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 valued at $34,000 after buying an additional 108 shares during the period. Crestwood Advisors Group LLC boosted its stake in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after acquiring an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its holdings in Canadian National Railway by 1.2% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock valued at $1,167,000 after purchasing an additional 139 shares during the period. Addison Advisors LLC increased its stake in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in Canadian National Railway by 5.0% in the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after purchasing an additional 156 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $94.84 on Tuesday. The stock has a market capitalization of $59.60 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 52 week low of $92.58 and a 52 week high of $132.27. The stock has a 50 day moving average price of $100.22 and a 200 day moving average price of $105.61. 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 (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 net margin of 26.09% and a return on equity of 22.48%. Analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.60%. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Analyst Ratings Changes

Several research firms have weighed in on CNI. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Barclays decreased their price objective on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average target price of $123.36.

About Canadian National Railway

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.