Signaturefd LLC Grows Stake in Canadian National Railway (NYSE:CNI)

Signaturefd LLC raised its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,862 shares of the transportation company’s stock after purchasing an additional 123 shares during the period. Signaturefd LLC’s holdings in Canadian National Railway were worth $1,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. BCK Partners Inc. purchased a new stake in Canadian National Railway in the first quarter worth about $2,575,000. BlackRock Inc. lifted its position in shares of Canadian National Railway by 26.2% in the 1st quarter. BlackRock Inc. now owns 931,027 shares of the transportation company’s stock worth $124,888,000 after purchasing an additional 193,116 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Canadian National Railway by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 762,341 shares of the transportation company’s stock valued at $102,260,000 after purchasing an additional 22,984 shares in the last quarter. Blair William & Co. IL boosted its stake in shares of Canadian National Railway by 1.4% during the first quarter. Blair William & Co. IL now owns 60,441 shares of the transportation company’s stock valued at $8,107,000 after purchasing an additional 807 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in Canadian National Railway by 18.9% in the first quarter. Allianz Asset Management GmbH now owns 33,602 shares of the transportation company’s stock worth $4,511,000 after buying an additional 5,349 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Up 0.4 %

CNI stock opened at $127.65 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The firm’s fifty day simple moving average is $129.70 and its 200-day simple moving average is $121.88. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a market capitalization of $81.53 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. As a group, equities research analysts forecast that Canadian National Railway will post 5.94 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.638 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 2.00%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.59%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNI. Wells Fargo & Company increased their target price on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Susquehanna Bancshares raised their price objective on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a report on Monday, April 8th. They issued a “hold” rating and a $130.00 target price for the company. Citigroup raised their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Susquehanna cut their price objective on shares of Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Eighteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $147.52.

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.