Greenland Capital Management LP Buys Shares of 15,000 Canadian National Railway (NYSE:CNI)

Greenland Capital Management LP purchased a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,000 shares of the transportation company's stock, valued at approximately $1,523,000.

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Canadian National Railway during the fourth quarter valued at approximately $563,048,000. Canoe Financial LP purchased a new stake in shares of Canadian National Railway in the 4th quarter worth $216,943,000. Arrowstreet Capital Limited Partnership raised its holdings in Canadian National Railway by 29.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after purchasing an additional 1,102,977 shares during the period. Geode Capital Management LLC lifted its position in Canadian National Railway by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 3,306,192 shares of the transportation company's stock valued at $340,987,000 after purchasing an additional 743,712 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Canadian National Railway by 64.5% during the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company's stock valued at $174,813,000 after purchasing an additional 584,832 shares during the period. Institutional investors own 80.74% of the company's stock.

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Canadian National Railway Trading Up 4.1 %

Canadian National Railway stock traded up $3.96 during midday trading on Friday, reaching $99.77. The stock had a trading volume of 1,712,787 shares, compared to its average volume of 1,275,789. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $99.36 and a 200 day moving average of $104.82. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $130.63. The firm has a market cap of $62.70 billion, a price-to-earnings ratio of 19.49, 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 announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate 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 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $0.6159 per share. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.47%. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Royal Bank of Canada dropped their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Jefferies Financial Group reduced their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their target price 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. Finally, Susquehanna cut their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.19.

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.