Dimensional Fund Advisors LP Boosts Stock Position in Canadian National Railway (NYSE:CNI)

Dimensional Fund Advisors LP boosted its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,211,222 shares of the transportation company's stock after acquiring an additional 31,752 shares during the quarter. Dimensional Fund Advisors LP owned about 0.19% of Canadian National Railway worth $122,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 worth $34,000 after purchasing an additional 108 shares during the period. Crestwood Advisors Group LLC lifted its stake in shares of Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock worth $286,000 after acquiring an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its stake 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 worth $1,167,000 after acquiring an additional 139 shares during the period. Addison Advisors LLC increased its stake in shares of 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 acquiring an additional 142 shares during the period. 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 purchasing an additional 156 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

NYSE CNI opened at $97.12 on Friday. 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 $91.65 and a fifty-two week high of $129.18. The business has a fifty day moving average of $98.54 and a 200-day moving average of $103.74. The stock has a market cap of $61.04 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

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 (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%. As a group, analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway's payout ratio is currently 47.66%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Stifel Nicolaus dropped their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Bank of America lowered their price target 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, Wells Fargo & Company decreased 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 report on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $120.36.

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.

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