Aviso Financial Inc. Has $15.95 Million Stake in Canadian National Railway (NYSE:CNI)

Aviso Financial Inc. increased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,121 shares of the transportation company's stock after purchasing an additional 10,970 shares during the quarter. Canadian National Railway makes up 0.8% of Aviso Financial Inc.'s portfolio, making the stock its 29th largest holding. Aviso Financial Inc.'s holdings in Canadian National Railway were worth $15,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Forge First Asset Management Inc. acquired a new stake in shares of Canadian National Railway during the 4th quarter valued at about $17,927,000. YCG LLC lifted its stake in Canadian National Railway by 15.6% during the fourth quarter. YCG LLC now owns 340,959 shares of the transportation company's stock worth $34,611,000 after purchasing an additional 46,133 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Canadian National Railway by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,397 shares of the transportation company's stock worth $649,000 after purchasing an additional 397 shares during the period. Natural Investments LLC acquired a new stake in Canadian National Railway during the fourth quarter valued at approximately $470,000. Finally, AGF Management Ltd. grew its stake in shares of Canadian National Railway by 26.7% in the 4th quarter. AGF Management Ltd. now owns 921,396 shares of the transportation company's stock valued at $93,531,000 after purchasing an additional 194,343 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently commented on CNI. Royal Bank of Canada cut their target price on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Jefferies Financial Group raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a report on Friday, January 10th. Finally, Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Two 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 given a strong buy rating to the company. According to MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and an average price target of $124.19.

Canadian National Railway Trading Down 0.7 %

Shares of CNI traded down $0.71 during trading hours on Tuesday, hitting $97.50. 807,418 shares of the stock traded hands, compared to its average volume of 1,183,798. The business has a fifty day moving average of $101.67 and a 200-day moving average of $107.71. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $61.27 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its 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 net margin of 26.09% and a return on equity of 22.48%. Analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. 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.