Canadian National Railway Company $CNI Shares Sold by JLB & Associates Inc.

JLB & Associates Inc. decreased its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 29.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,183 shares of the transportation company’s stock after selling 23,020 shares during the period. JLB & Associates Inc.’s holdings in Canadian National Railway were worth $5,356,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. High Point Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at $27,000. Hollencrest Capital Management acquired a new position in Canadian National Railway in the 3rd quarter valued at about $28,000. First Horizon Corp acquired a new position in Canadian National Railway in the 3rd quarter valued at about $30,000. Costello Asset Management INC lifted its holdings in Canadian National Railway by 83.3% in the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth about $50,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $122.00 in a report on Thursday, April 9th. Citigroup raised their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Finally, Barclays raised their price objective on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $110.88 on Friday. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $115.80. The firm has a 50 day moving average price of $107.49 and a 200 day moving average price of $101.72. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. Canadian National Railway’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. Sell-side analysts predict that Canadian National Railway Company will post 5.74 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.73%.

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.