Bradley Foster & Sargent Inc. CT Has $15.05 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Bradley Foster & Sargent Inc. CT lowered its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 66.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,272 shares of the transportation company's stock after selling 294,334 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in Canadian National Railway were worth $15,051,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC increased its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock worth $30,000 after purchasing an additional 229 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at $30,000. Coastline Trust Co acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after buying an additional 108 shares during the period. Finally, Reston Wealth Management LLC purchased a new stake in Canadian National Railway during the third quarter valued at about $41,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded down $0.07 on Monday, reaching $103.92. 56,802 shares of the company's stock were exchanged, compared to its average volume of 1,334,280. The business's 50-day moving average is $102.64 and its two-hundred day moving average is $109.40. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02. The firm has a market capitalization of $65.29 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results 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, equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.37%. 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 dividend payout ratio is 46.68%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CNI shares. 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 target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. 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. Stifel Nicolaus raised 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. Finally, Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and an average price target 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.