Canadian National Railway (NYSE:CNI) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,436 shares of the transportation company’s stock after purchasing an additional 909 shares during the period. Schechter Investment Advisors LLC’s holdings in Canadian National Railway were worth $934,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Canadian National Railway by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock valued at $2,683,831,000 after acquiring an additional 554,280 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Canadian National Railway by 5.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock valued at $1,421,649,000 after acquiring an additional 625,500 shares during the period. Norges Bank acquired a new position in shares of Canadian National Railway in the 4th quarter valued at $727,713,000. Deutsche Bank AG increased its position in shares of Canadian National Railway by 7.3% in the 3rd quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company’s stock valued at $604,011,000 after acquiring an additional 378,513 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Canadian National Railway by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 4,477,999 shares of the transportation company’s stock valued at $487,145,000 after acquiring an additional 97,818 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 1.1 %

CNI stock opened at $131.62 on Thursday. The firm has a market cap of $84.28 billion, a PE ratio of 20.76, a PEG ratio of 2.32 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The firm’s 50 day moving average price is $128.25 and its 200-day moving average price is $119.47. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, equities research analysts anticipate that Canadian National Railway will post 5.96 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be paid a dividend of $0.638 per share. The ex-dividend date is Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s payout ratio is presently 39.43%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNI. TD Securities downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America increased their target price on shares of Canadian National Railway from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Wells Fargo & Company lifted their price objective on Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Susquehanna Bancshares lifted their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. Finally, Stephens lifted their price objective on Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Seventeen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $145.45.

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.