Canadian National Railway (NYSE:CNI) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,933 shares of the transportation company’s stock after buying an additional 167 shares during the quarter. Vontobel Holding Ltd.’s holdings in Canadian National Railway were worth $399,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fiera Capital Corp increased its position in Canadian National Railway by 2.6% in the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock valued at $570,550,000 after acquiring an additional 142,070 shares during the period. Louisbourg Investments Inc. grew its stake in Canadian National Railway by 17.3% in the fourth quarter. Louisbourg Investments Inc. now owns 287,069 shares of the transportation company’s stock valued at $29,136,000 after purchasing an additional 42,239 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its stake in Canadian National Railway by 4.9% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 18,447 shares of the transportation company’s stock valued at $1,872,000 after purchasing an additional 866 shares in the last quarter. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the 4th quarter worth about $30,000. Finally, Harbour Trust & Investment Management Co boosted its stake in shares of Canadian National Railway by 0.4% during the 4th quarter. Harbour Trust & Investment Management Co now owns 97,233 shares of the transportation company’s stock worth $9,870,000 after acquiring an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 1.4 %

Shares of CNI opened at $103.81 on Friday. The firm’s 50-day moving average price is $102.64 and its 200-day moving average price is $109.47. The firm has a market capitalization of $65.22 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.93 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. Sell-side analysts anticipate that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.37%. Canadian National Railway’s dividend payout ratio is 46.68%.

Analyst Upgrades and Downgrades

CNI has been the subject of several research analyst reports. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America decreased their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Finally, Barclays decreased their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

About Canadian National Railway

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.