Knuff & Co LLC Invests $50,000 in Canadian National Railway (NYSE:CNI)

Knuff & Co LLC bought a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 400 shares of the transportation company’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. boosted its stake in shares of Canadian National Railway by 33.5% during the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock valued at $1,300,000 after purchasing an additional 3,011 shares during the period. Spire Wealth Management boosted its position in Canadian National Railway by 5.0% during the 3rd quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock valued at $498,000 after buying an additional 219 shares during the period. YCG LLC grew its holdings in Canadian National Railway by 6.0% in the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after acquiring an additional 14,249 shares during the last quarter. Manning & Napier Group LLC increased its position in shares of Canadian National Railway by 7.5% in the fourth quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock valued at $84,171,000 after acquiring an additional 46,517 shares during the period. Finally, Graham Capital Management L.P. bought a new position in shares of Canadian National Railway during the third quarter valued at about $1,266,000. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNI. Jefferies Financial Group assumed coverage on Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 target price on the stock. StockNews.com upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup raised their price target on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Susquehanna Bancshares boosted their price objective on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Seventeen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $149.05.

Canadian National Railway Stock Up 1.3 %

Canadian National Railway stock traded up $1.58 during mid-day trading on Friday, hitting $123.54. The company had a trading volume of 795,232 shares, compared to its average volume of 1,073,122. 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 $78.90 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. The stock’s 50 day moving average price is $128.73 and its two-hundred day moving average price is $122.82. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s payout ratio is 40.03%.

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.