Canadian National Railway (NYSE:CNI) Stake Lifted by Lincluden Management Ltd.

Lincluden Management Ltd. increased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 31.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 362,587 shares of the transportation company's stock after buying an additional 86,096 shares during the period. Canadian National Railway comprises approximately 4.5% of Lincluden Management Ltd.'s holdings, making the stock its 7th largest position. Lincluden Management Ltd. owned 0.06% of Canadian National Railway worth $36,819,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CNI. Fortitude Family Office LLC lifted its position in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after acquiring an additional 229 shares in the last quarter. Arlington Trust Co LLC purchased a new position in Canadian National Railway in the 4th quarter worth approximately $30,000. Addison Advisors LLC boosted its stake 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 period. Coastline Trust Co purchased a new stake in Canadian National Railway during the 3rd quarter valued at approximately $34,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 valued at $34,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Royal Bank of Canada reduced their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Two research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.19.

Canadian National Railway Trading Up 1.6 %

Shares of CNI traded up $1.62 during midday trading on Friday, hitting $101.38. The stock had a trading volume of 1,340,453 shares, compared to its average volume of 1,388,732. Canadian National Railway has a 1 year low of $98.69 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The stock's 50 day moving average is $102.53 and its 200 day moving average is $109.13. The firm has a market cap of $63.69 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

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 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%. As a group, analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal 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 paid a $0.6159 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 2.43%. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

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.