Great Lakes Advisors LLC Has $16.35 Million Stock Position in Canadian National Railway (NYSE:CNI)

Great Lakes Advisors LLC reduced its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,062 shares of the transportation company's stock after selling 12,503 shares during the period. Great Lakes Advisors LLC's holdings in Canadian National Railway were worth $16,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $25,000. Coastline Trust Co bought a new stake in Canadian National Railway during the 3rd quarter worth approximately $34,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC grew its position in Canadian National Railway by 80.2% during the 4th 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position 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 last quarter. 80.74% of the stock is currently owned by institutional investors.

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Canadian National Railway Stock Up 1.9 %

Shares of NYSE:CNI traded up $1.78 during midday trading on Friday, reaching $97.70. The company had a trading volume of 700,752 shares, compared to its average volume of 1,186,793. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $134.02. The stock has a market cap of $61.40 billion, a PE ratio of 19.08, a P/E/G ratio of 1.95 and a beta of 0.91. The business's 50 day moving average price is $101.77 and its 200 day moving average price is $107.90. 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 (NYSE:CNI - Get Free Report) TSE: CNR last issued 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 return on equity of 22.48% and a net margin of 26.09%. Research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's payout ratio is 47.66%.

Analysts Set New Price Targets

A number of research firms recently commented on CNI. Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Barclays reduced their target price on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Bank of America reduced their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Finally, TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average target price of $124.19.

About Canadian National Railway

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.