Simplicity Solutions LLC Has $628,000 Stake in Canadian National Railway (NYSE:CNI)

Simplicity Solutions LLC lifted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 28.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,002 shares of the transportation company’s stock after purchasing an additional 1,101 shares during the quarter. Simplicity Solutions LLC’s holdings in Canadian National Railway were worth $628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CNI. Tyler Stone Wealth Management purchased a new stake in Canadian National Railway in the 2nd quarter valued at $30,000. JFS Wealth Advisors LLC raised its position in Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after buying an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after buying an additional 202 shares during the last quarter. Rational Advisors LLC purchased a new stake in Canadian National Railway in the 3rd quarter valued at $41,000. Finally, Crewe Advisors LLC purchased a new stake in Canadian National Railway in the 3rd quarter valued at $43,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Stephens raised their target price on Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Jefferies Financial Group began coverage on Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 target price for the company. CIBC lowered Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Finally, Susquehanna decreased their target price on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Eighteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $147.52.

Canadian National Railway Stock Performance

NYSE:CNI opened at $127.05 on Thursday. The business has a 50 day moving average of $129.74 and a 200 day moving average of $121.48. The company has a market capitalization of $81.15 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.22 and a beta of 0.88. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results 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. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. On average, sell-side analysts predict that Canadian National Railway will post 5.94 earnings per share for the current fiscal 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 given a $0.638 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a yield of 2.01%. Canadian National Railway’s payout ratio is presently 39.59%.

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.