229,232 Shares in Canadian National Railway (NYSE:CNI) Purchased by Guardian Partners Inc.

Guardian Partners Inc. bought a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 229,232 shares of the transportation company's stock, valued at approximately $23,468,000. Canadian National Railway accounts for approximately 2.4% of Guardian Partners Inc.'s portfolio, making the stock its 7th biggest holding.

Several other large investors also recently modified their holdings of CNI. Wellington Management Group LLP raised its stake in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after acquiring an additional 790,420 shares in the last quarter. National Bank of Canada FI boosted its position in Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after buying an additional 2,137,948 shares in the last quarter. Fiera Capital Corp grew its stake in shares of Canadian National Railway by 2.6% during the fourth quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock worth $570,550,000 after buying an additional 142,070 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Canadian National Railway by 12.6% during the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after buying an additional 571,967 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Canadian National Railway by 6.6% in the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock valued at $302,895,000 after purchasing an additional 158,757 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

CNI has been the subject of several recent research reports. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on 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, Stifel Nicolaus increased 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 report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have given 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, Canadian National Railway currently has an average rating of "Moderate Buy" and an average price target of $124.19.

Canadian National Railway Stock Performance

CNI traded down $0.27 during midday trading on Tuesday, reaching $98.43. The company had a trading volume of 858,058 shares, compared to its average volume of 1,187,429. The business has a 50-day moving average price of $101.24 and a two-hundred day moving average price of $106.99. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.73. The stock has a market cap of $61.85 billion, a PE ratio of 19.22, a P/E/G 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 data on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.50%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is 47.66%.

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.