Motley Fool Asset Management LLC Has $16.11 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Motley Fool Asset Management LLC raised its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 101.7% during the fourth quarter, HoldingsChannel reports. The firm owned 128,234 shares of the transportation company’s stock after acquiring an additional 64,657 shares during the quarter. Canadian National Railway accounts for 1.2% of Motley Fool Asset Management LLC’s holdings, making the stock its 19th largest position. Motley Fool Asset Management LLC’s holdings in Canadian National Railway were worth $16,110,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Avantax Advisory Services Inc. lifted its stake in shares of Canadian National Railway by 33.5% in the 3rd quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock valued at $1,300,000 after acquiring an additional 3,011 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Canadian National Railway by 5.0% in the 3rd quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 219 shares during the last quarter. YCG LLC raised its position in Canadian National Railway by 6.0% during the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after purchasing an additional 14,249 shares during the last quarter. Manning & Napier Group LLC raised its position in Canadian National Railway by 7.5% during the 4th quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock worth $84,171,000 after purchasing an additional 46,517 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in Canadian National Railway during the 3rd quarter worth $1,266,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup raised their target price on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Stifel Nicolaus raised their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Susquehanna Bancshares raised their target price on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. Finally, Stephens reaffirmed an “equal weight” rating and set a $140.00 target price on shares of Canadian National Railway in a research report on Wednesday. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $147.86.

Canadian National Railway Stock Up 1.6 %

Shares of CNI traded up $1.92 during trading hours on Thursday, hitting $124.78. The stock had a trading volume of 1,450,389 shares, compared to its average volume of 1,024,670. The firm has a market capitalization of $79.70 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. 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 has a 1-year low of $103.96 and a 1-year high of $134.02. The firm has a 50 day simple moving average of $129.58 and a 200-day simple moving average of $122.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The business 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 23.17% and a net margin of 32.81%. Sell-side analysts predict that Canadian National Railway will post 5.93 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.00%. Canadian National Railway’s payout ratio is presently 40.03%.

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.