Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New $4.57 Million Investment in Canadian National Railway (NYSE:CNI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,000 shares of the transportation company's stock, valued at approximately $4,568,000.

A number of other large investors also recently made changes to their positions in CNI. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway in the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Addison Advisors LLC grew its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after acquiring an additional 108 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth $59,000. Institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus boosted their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Royal Bank of Canada cut their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Finally, TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. 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 given a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of $124.19.

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Canadian National Railway Trading Down 0.4 %

NYSE CNI traded down $0.40 during mid-day trading on Tuesday, reaching $98.30. 323,320 shares of the stock were exchanged, compared to its average volume of 1,187,429. The stock has a market cap of $61.77 billion, a P/E ratio of 19.19, 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 current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a one year low of $93.64 and a one year high of $132.73. The stock has a 50 day simple moving average of $101.24 and a 200-day simple moving average of $106.99.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 2.51%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. 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.