Thurston Springer Miller Herd & Titak Inc. Buys 108 Shares of Canadian National Railway (NYSE:CNI)

Thurston Springer Miller Herd & Titak Inc. increased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 48.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332 shares of the transportation company’s stock after acquiring an additional 108 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Canadian National Railway were worth $34,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC lifted its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $34,000. Reston Wealth Management LLC bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $41,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $56,000. Finally, JCIC Asset Management Inc. lifted its stake in shares of Canadian National Railway by 72.3% in the 4th quarter. JCIC Asset Management Inc. now owns 684 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 287 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.4 %

Shares of CNI stock opened at $101.54 on Friday. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The firm has a market capitalization of $63.85 billion, a PE ratio of 16.27, a PEG ratio of 2.21 and a beta of 0.91. The stock has a fifty day simple moving average of $105.44 and a two-hundred day simple moving average of $111.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 EPS. On average, analysts predict that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s payout ratio is 38.30%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CNI shares. Stephens restated an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and reduced their price target for the company from $132.00 to $120.00 in a report on Thursday. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Susquehanna reduced their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

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.