Canadian National Railway (NYSE:CNI) Position Raised by Townsquare Capital LLC

Townsquare Capital LLC raised its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 89.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,883 shares of the transportation company’s stock after purchasing an additional 1,834 shares during the quarter. Townsquare Capital LLC’s holdings in Canadian National Railway were worth $394,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway during the fourth quarter worth about $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway in the 4th quarter worth approximately $30,000. Addison Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI opened at $99.21 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $130.63. The company’s fifty day moving average is $98.99 and its 200-day moving average is $104.22. The firm has a market cap of $62.35 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.48%. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group dropped their price target on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Bank of America decreased their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.36.

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.