Bleakley Financial Group LLC Has $630,000 Position in Canadian National Railway (NYSE:CNI)

Bleakley Financial Group LLC lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 28.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,018 shares of the transportation company’s stock after buying an additional 1,117 shares during the period. Bleakley Financial Group LLC’s holdings in Canadian National Railway were worth $630,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. grew its stake in Canadian National Railway by 33.5% in the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock valued at $1,300,000 after purchasing an additional 3,011 shares in the last quarter. Spire Wealth Management increased its holdings in Canadian National Railway by 5.0% during the third quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock worth $498,000 after buying an additional 219 shares during the last quarter. Manning & Napier Group LLC raised its position in Canadian National Railway by 7.5% during the fourth quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock worth $84,171,000 after acquiring an additional 46,517 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in Canadian National Railway in the third quarter valued at $1,266,000. Finally, Deutsche Bank AG grew 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. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $128.47 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a market cap of $82.26 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 2.24 and a beta of 0.88. The stock has a fifty day moving average price of $129.76 and a 200-day moving average price of $121.01.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results 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 firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, equities analysts anticipate that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.638 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a yield of 1.99%. Canadian National Railway’s dividend payout ratio is presently 39.59%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Stifel Nicolaus raised their price objective on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research report on Friday. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Citigroup increased their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, 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. Eighteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $147.52.

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.