Ballentine Partners LLC Makes New $203,000 Investment in Canadian National Railway (NYSE:CNI)

Ballentine Partners LLC bought a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,543 shares of the transportation company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its position in Canadian National Railway by 37.2% during the third quarter. LPL Financial LLC now owns 92,014 shares of the transportation company’s stock valued at $9,968,000 after purchasing an additional 24,952 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Canadian National Railway by 38.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 300 shares during the last quarter. Gotham Asset Management LLC raised its holdings in shares of Canadian National Railway by 129.6% during the 3rd quarter. Gotham Asset Management LLC now owns 12,311 shares of the transportation company’s stock worth $1,334,000 after buying an additional 6,950 shares in the last quarter. Dempze Nancy E lifted its position in shares of Canadian National Railway by 1.1% during the 3rd quarter. Dempze Nancy E now owns 31,146 shares of the transportation company’s stock worth $3,374,000 after buying an additional 336 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Canadian National Railway by 5.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock valued at $1,421,649,000 after buying an additional 625,500 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNI has been the subject of several research analyst reports. Wells Fargo & Company started coverage on Canadian National Railway in a research note on Friday, June 7th. They set an “equal weight” rating and a $130.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective for the company. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Finally, StockNews.com lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Eighteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average target price of $148.95.

Canadian National Railway Trading Up 0.3 %

CNI opened at $118.25 on Thursday. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a fifty day moving average of $124.43 and a 200-day moving average of $126.28. The stock has a market cap of $75.03 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.16 billion. On average, sell-side analysts predict that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.08%.

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.