Sei Investments Co. Has $38.15 Million Position in Canadian National Railway (NYSE:CNI)

Sei Investments Co. grew its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 375,801 shares of the transportation company's stock after purchasing an additional 7,461 shares during the quarter. Sei Investments Co. owned about 0.06% of Canadian National Railway worth $38,148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CNI. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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. Crestwood Advisors Group LLC grew its position in Canadian National Railway by 4.2% in 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. grew its holdings in shares of Canadian National Railway by 1.2% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock valued at $1,167,000 after acquiring an additional 139 shares in the last quarter. Addison Advisors LLC increased its position in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings 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 worth $335,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

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Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded down $0.27 on Tuesday, reaching $98.43. 911,666 shares of the stock were exchanged, compared to its average volume of 1,188,052. The firm's 50 day moving average is $101.24 and its 200-day moving average is $106.99. The firm has a market cap of $61.85 billion, a PE ratio of 19.22, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a one year low of $93.64 and a one year high of $132.73.

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 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, analysts anticipate 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 given a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is currently 47.66%.

Wall Street Analysts Forecast Growth

CNI has been the topic of a number of recent analyst reports. Susquehanna lowered 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 report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Finally, Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Two investment 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. According to data from MarketBeat, the stock currently 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.