Canadian National Railway (NYSE:CNI) Shares Bought by Ycg LLC

Ycg LLC boosted its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 15.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 340,959 shares of the transportation company's stock after buying an additional 46,133 shares during the quarter. Canadian National Railway makes up about 2.8% of Ycg LLC's holdings, making the stock its 17th biggest position. Ycg LLC owned about 0.05% of Canadian National Railway worth $34,611,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the fourth quarter worth about $25,000. Coastline Trust Co acquired a new position in shares of Canadian National Railway during the third quarter worth approximately $34,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway in the fourth quarter worth approximately $30,000. Addison Advisors LLC lifted its position in Canadian National Railway by 80.2% in the fourth 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. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CNI shares. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Susquehanna cut their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $124.19.

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Canadian National Railway Trading Down 2.9 %

Shares of CNI stock opened at $95.33 on Wednesday. The company's fifty day simple moving average is $102.08 and its two-hundred day simple moving average is $108.28. 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 $93.64 and a 1 year high of $134.02. The stock has a market capitalization of $59.89 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. As a group, analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is 47.85%.

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.

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