Canadian National Railway (NYSE:CNI) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 66.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,272 shares of the transportation company’s stock after selling 294,334 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Canadian National Railway were worth $15,051,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC increased its stake in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in Canadian National Railway during the 4th quarter worth $30,000. Coastline Trust Co purchased a new stake in Canadian National Railway in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway during the third quarter worth about $41,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $103.81 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company’s fifty day moving average price is $102.64 and its two-hundred day moving average price is $109.47. The firm has a market capitalization of $65.22 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.93 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, research analysts anticipate that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.37%. Canadian National Railway’s payout ratio is presently 46.68%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CNI shares. Barclays dropped their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Finally, Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

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.