Stifel Financial Corp Acquires 2,895 Shares of Canadian National Railway (NYSE:CNI)

Stifel Financial Corp grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,074,083 shares of the transportation company’s stock after purchasing an additional 2,895 shares during the period. Stifel Financial Corp owned approximately 0.17% of Canadian National Railway worth $109,031,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNI. 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 Canadian National Railway in the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $30,000. Addison Advisors LLC grew its stake in shares of 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of 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 worth $34,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CNI shares. Bank of America reduced their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada cut 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. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Stifel Nicolaus cut their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of $120.36.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $98.65 on Tuesday. The firm has a market capitalization of $62.00 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.95 and a beta of 0.93. The firm’s 50-day moving average price is $98.91 and its 200-day moving average price is $104.12. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $130.63.

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 (EPS) for the quarter, missing the consensus estimate 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 research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 47.66%.

Canadian National Railway Company 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.