ACT Wealth Management LLC Invests $201,000 in Canadian National Railway (NYSE:CNI)

ACT Wealth Management LLC bought a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,600 shares of the transportation company’s stock, valued at approximately $201,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $727,713,000. Artisan Partners Limited Partnership purchased a new stake in Canadian National Railway during the third quarter valued at about $273,243,000. Arrowstreet Capital Limited Partnership boosted its position in Canadian National Railway by 25,348.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,650,355 shares of the transportation company’s stock valued at $194,698,000 after buying an additional 1,643,870 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Canadian National Railway during the first quarter valued at about $137,546,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Canadian National Railway by 166.7% during the second quarter. Goldman Sachs Group Inc. now owns 1,772,695 shares of the transportation company’s stock valued at $199,375,000 after acquiring an additional 1,108,104 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $131.62 on Thursday. 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 company has a market cap of $84.28 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a 50-day simple moving average of $128.25 and a 200-day simple moving average of $119.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, equities analysts anticipate that Canadian National Railway will post 5.96 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be paid a dividend of $0.638 per share. This represents a $2.55 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Wednesday, March 6th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is 39.43%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNI. Bank of America raised their target price on shares of Canadian National Railway from $131.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Stephens lifted their price target on shares of Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Citigroup boosted their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their target price on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Seventeen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.45.

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.