Frank Rimerman Advisors LLC Buys 5,980 Shares of Canadian National Railway Company $CNI

Frank Rimerman Advisors LLC grew its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 274.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,162 shares of the transportation company’s stock after acquiring an additional 5,980 shares during the period. Frank Rimerman Advisors LLC’s holdings in Canadian National Railway were worth $807,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CNI. Vanguard Group Inc. lifted its stake in Canadian National Railway by 1.6% in the third quarter. Vanguard Group Inc. now owns 24,300,252 shares of the transportation company’s stock valued at $2,291,562,000 after purchasing an additional 372,859 shares during the last quarter. Bank of Montreal Can grew its holdings in Canadian National Railway by 0.3% during the third quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock valued at $1,338,948,000 after purchasing an additional 42,907 shares during the period. Caisse de depot et placement du Quebec increased its position in Canadian National Railway by 1.1% in the third quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after buying an additional 157,000 shares during the last quarter. Lazard Asset Management LLC increased its position in Canadian National Railway by 639,137.0% in the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after buying an additional 8,954,310 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Canadian National Railway by 0.4% in the third quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock valued at $813,287,000 after buying an additional 35,938 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $103.33 on Thursday. The business’s fifty day moving average is $104.34 and its 200 day moving average is $99.08. The firm has a market cap of $63.16 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.14 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $113.08.

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

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were given a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is 49.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup dropped their price target on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Stephens cut their target price on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Royal Bank Of Canada reduced their target price on shares of Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $115.70.

About Canadian National Railway

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.