Dimensional Fund Advisors LP Buys 10,500 Shares of Canadian National Railway Company $CNI

Dimensional Fund Advisors LP increased its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,258,404 shares of the transportation company’s stock after buying an additional 10,500 shares during the quarter. Dimensional Fund Advisors LP owned about 0.20% of Canadian National Railway worth $118,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CNI. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 150 shares during the period. Hollencrest Capital Management bought a new position in Canadian National Railway during the 3rd quarter valued at about $28,000. First Horizon Corp bought a new position in Canadian National Railway during the 3rd quarter valued at about $30,000. Costello Asset Management INC raised its position in Canadian National Railway by 83.3% in the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after purchasing an additional 150 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Canadian National Railway in the third quarter worth about $50,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CNI shares. Stephens cut their target price on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Evercore dropped their price objective on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Monday, February 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Barclays lowered their target price on shares of Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Trading Down 0.2%

CNI opened at $106.18 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The firm has a market cap of $65.10 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.21 and a beta of 0.90. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $113.08. The stock has a fifty day moving average price of $103.44 and a 200-day moving average price of $98.42.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.915 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, March 10th. This represents a $3.66 annualized dividend and a dividend yield of 3.4%. Canadian National Railway’s dividend payout ratio (DPR) is presently 49.36%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.