Canadian National Railway (NYSE:CNI) Shares Bought by Pitcairn Co.

Pitcairn Co. grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,751 shares of the transportation company’s stock after buying an additional 159 shares during the quarter. Pitcairn Co.’s holdings in Canadian National Railway were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new position in shares of Canadian National Railway during the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC boosted its holdings in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position 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 buying an additional 108 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 1.6 %

CNI opened at $96.61 on Friday. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company’s 50 day simple moving average is $100.46 and its two-hundred day simple moving average is $105.86. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $132.27. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.6159 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CNI shares. Royal Bank of Canada lowered 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 note on Friday, January 31st. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Barclays dropped their price target on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.36.

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.