Bridgewater Associates LP Purchases 205,024 Shares of Canadian National Railway (NYSE:CNI)

Bridgewater Associates LP boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 396.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,744 shares of the transportation company’s stock after purchasing an additional 205,024 shares during the quarter. Bridgewater Associates LP’s holdings in Canadian National Railway were worth $26,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in Canadian National Railway by 4.2% in the fourth 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 period. Lowe Brockenbrough & Co. Inc. boosted its holdings in Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock valued at $1,167,000 after acquiring an additional 139 shares in the last quarter. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Harbour Investments Inc. raised its holdings in Canadian National Railway by 5.0% in the 4th quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

CNI has been the topic of several research analyst reports. Bank of America reduced their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Citigroup lowered their price objective on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Barclays reduced their target price on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, Susquehanna decreased their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.36.

Canadian National Railway Trading Down 1.7 %

Shares of NYSE:CNI opened at $98.53 on Wednesday. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $130.63. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The stock’s fifty day moving average price is $99.19 and its 200-day moving average price is $104.66. The company has a market cap of $61.92 billion, a P/E ratio of 19.24, a PEG ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its 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 return on equity of 22.48% and a net margin of 26.09%. Sell-side analysts expect 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 was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. Canadian National Railway’s dividend payout ratio (DPR) is presently 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.