Schechter Investment Advisors LLC Increases Holdings in Canadian National Railway (NYSE:CNI)

Schechter Investment Advisors LLC lifted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,436 shares of the transportation company’s stock after purchasing an additional 909 shares during the period. Schechter Investment Advisors LLC’s holdings in Canadian National Railway were worth $934,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CNI. Tyler Stone Wealth Management purchased a new stake in shares of Canadian National Railway in the second quarter valued at approximately $30,000. JFS Wealth Advisors LLC lifted its holdings in Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after buying an additional 229 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after buying an additional 202 shares during the period. Rational Advisors LLC purchased a new stake in Canadian National Railway during the third quarter worth $41,000. Finally, Crewe Advisors LLC purchased a new stake in Canadian National Railway during the third quarter worth $43,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

CNI has been the subject of a number of analyst reports. Susquehanna Bancshares upped their target price on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a report on Monday, January 8th. Stephens upped their target price on Canadian National Railway from $122.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, January 4th. Wells Fargo & Company increased their price target on Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup increased their price target on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Seventeen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $145.45.

Canadian National Railway Trading Up 1.1 %

Shares of Canadian National Railway stock opened at $131.62 on Thursday. The stock has a market cap of $84.28 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.32 and a beta of 0.88. The stock’s 50 day simple moving average is $128.25 and its 200-day simple moving average is $119.47. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. Analysts predict that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a $0.638 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 dividend on an annualized basis and a yield of 1.94%. Canadian National Railway’s dividend payout ratio is currently 39.43%.

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.