D.A. Davidson & CO. Acquires 401 Shares of Canadian National Railway (NYSE:CNI)

D.A. Davidson & CO. grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,379 shares of the transportation company’s stock after acquiring an additional 401 shares during the period. D.A. Davidson & CO.’s holdings in Canadian National Railway were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the period. Catalytic Wealth RIA LLC raised its position in shares of Canadian National Railway by 2.3% during the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after buying an additional 123 shares during the last quarter. Assetmark Inc. raised its position in shares of Canadian National Railway by 3.1% during the third quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock valued at $583,000 after buying an additional 152 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Canadian National Railway by 5.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock worth $363,000 after buying an additional 152 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Canadian National Railway by 5.3% during the third quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company’s stock worth $369,000 after acquiring an additional 158 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CNI. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Susquehanna dropped their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Down 0.2 %

Shares of NYSE CNI opened at $100.47 on Thursday. Canadian National Railway has a 1 year low of $98.69 and a 1 year high of $134.02. The firm has a 50-day simple moving average of $102.54 and a two-hundred day simple moving average of $109.20. The company has a market cap of $63.12 billion, a P/E ratio of 19.62, a PEG ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s payout ratio is currently 47.66%.

Canadian National Railway Company 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.