Bfsg LLC Lowers Stock Position in Canadian National Railway (NYSE:CNI)

Bfsg LLC reduced its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,314 shares of the transportation company's stock after selling 3,590 shares during the quarter. Bfsg LLC's holdings in Canadian National Railway were worth $1,250,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CNI. Wellington Management Group LLP grew its holdings in shares of Canadian National Railway by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock valued at $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after purchasing an additional 2,137,948 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Canadian National Railway by 2.6% during the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock valued at $570,550,000 after purchasing an additional 142,070 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after purchasing an additional 571,967 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock valued at $464,002,000 after purchasing an additional 202,303 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.1 %

Shares of Canadian National Railway stock traded up $0.15 during trading on Friday, reaching $103.98. 1,342,664 shares of the company traded hands, compared to its average volume of 1,372,140. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02. The company has a 50 day moving average price of $102.64 and a 200-day moving average price of $109.47. The firm has a market capitalization of $65.33 billion, a PE ratio of 20.31, a P/E/G ratio of 1.93 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released 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 return on equity of 22.48% and a net margin of 26.09%. As a group, equities research analysts expect that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed 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 is an increase from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.37%. Canadian National Railway's dividend payout ratio is presently 46.68%.

Analysts Set New Price Targets

A number of research firms have weighed in on CNI. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a report on Thursday, October 24th. Wells Fargo & Company reduced 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. Finally, Royal Bank of Canada reduced their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.19.

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.