Gradient Investments LLC Has $1.79 Million Stock Position in Canadian National Railway Company $CNI

Gradient Investments LLC grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 54.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,110 shares of the transportation company’s stock after acquiring an additional 6,387 shares during the period. Gradient Investments LLC’s holdings in Canadian National Railway were worth $1,790,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC increased its holdings in Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after purchasing an additional 8,954,310 shares in the last quarter. Norges Bank acquired a new stake in shares of Canadian National Railway during the second quarter valued at about $591,904,000. Fisher Asset Management LLC bought a new stake in shares of Canadian National Railway during the second quarter worth about $189,748,000. Troy Asset Management Ltd increased its stake in shares of Canadian National Railway by 158.8% in the third quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after buying an additional 1,680,223 shares during the period. Finally, Quadrature Capital Ltd increased its stake in shares of Canadian National Railway by 1,693.5% in the third quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after buying an additional 1,642,700 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CNI. Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Barclays dropped their price target on shares of Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Stephens cut their price target on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Evercore decreased their price objective on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Monday, February 2nd. Finally, UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of $118.91.

Canadian National Railway Stock Up 2.4%

Canadian National Railway stock opened at $100.77 on Tuesday. The firm has a market cap of $61.59 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.05 and a beta of 0.90. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $113.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. The firm has a 50 day moving average price of $103.89 and a two-hundred day moving average price of $98.74.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the prior year, the company posted $1.82 earnings per share. Canadian National Railway’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio (DPR) is 49.36%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.