Prime Capital Investment Advisors LLC Boosts Stock Holdings in Canadian National Railway (NYSE:CNI)

Prime Capital Investment Advisors LLC raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 36.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,407 shares of the transportation company’s stock after purchasing an additional 1,167 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Canadian National Railway were worth $554,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CNI. BCK Partners Inc. purchased a new position in Canadian National Railway during the 1st quarter valued at about $2,575,000. BlackRock Inc. grew its position in shares of Canadian National Railway by 26.2% in the 1st quarter. BlackRock Inc. now owns 931,027 shares of the transportation company’s stock worth $124,888,000 after buying an additional 193,116 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Canadian National Railway by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 762,341 shares of the transportation company’s stock worth $102,260,000 after buying an additional 22,984 shares during the last quarter. Blair William & Co. IL grew its position in shares of Canadian National Railway by 1.4% in the 1st quarter. Blair William & Co. IL now owns 60,441 shares of the transportation company’s stock worth $8,107,000 after buying an additional 807 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Canadian National Railway by 18.9% in the 1st quarter. Allianz Asset Management GmbH now owns 33,602 shares of the transportation company’s stock worth $4,511,000 after buying an additional 5,349 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $131.31 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a 50 day simple moving average of $129.67 and a two-hundred day simple moving average of $120.83. The stock has a market cap of $84.08 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.33 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. As a group, analysts predict that Canadian National Railway will post 5.96 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.638 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Wednesday, March 6th. Canadian National Railway’s payout ratio is currently 39.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CNI shares. Wells Fargo & Company lifted their price objective on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup lifted their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Wednesday. Susquehanna Bancshares lifted their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Finally, Barclays lifted their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Eighteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $146.95.

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.