Canadian National Railway (NYSE:CNI) Stock Position Lifted by Headlands Technologies LLC

Headlands Technologies LLC raised its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 815.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,830 shares of the transportation company’s stock after purchasing an additional 20,336 shares during the quarter. Headlands Technologies LLC’s holdings in Canadian National Railway were worth $2,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. acquired a new position in shares of Canadian National Railway in the fourth quarter worth $25,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway during the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the fourth quarter valued at about $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.1 %

Shares of CNI stock opened at $97.35 on Tuesday. The firm’s fifty day simple moving average is $100.98 and its 200 day simple moving average is $106.35. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.27. 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 firm has a market capitalization of $61.17 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released 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 net margin of 26.09% and a return on equity of 22.48%. As a group, sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CNI. Wells Fargo & Company dropped their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. 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. Susquehanna lowered their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Barclays reduced their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

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.