Broyhill Asset Management Invests $279,000 in Canadian National Railway (NYSE:CNI)

Broyhill Asset Management bought a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,751 shares of the transportation company's stock, valued at approximately $279,000.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after buying an additional 108 shares in the last quarter. Crestwood Advisors Group LLC grew its position in Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after purchasing an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after acquiring an additional 139 shares during the last quarter. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in Canadian National Railway by 5.0% during the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company's stock valued at $335,000 after acquiring an additional 156 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

NYSE CNI traded up $0.67 during trading hours on Friday, reaching $99.21. 1,159,602 shares of the company's stock were exchanged, compared to its average volume of 1,283,966. The firm has a fifty day moving average of $98.99 and a 200-day moving average of $104.37. 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 one year low of $91.65 and a one year high of $130.63. The stock has a market cap of $62.35 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is presently 47.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Barclays cut their price objective on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Citigroup reduced their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.36.

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.