Haven Global Partners LLC Makes New $14.56 Million Investment in Canadian National Railway (NYSE:CNI)

Haven Global Partners LLC purchased a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 143,473 shares of the transportation company's stock, valued at approximately $14,562,000. Canadian National Railway makes up approximately 13.7% of Haven Global Partners LLC's holdings, making the stock its 4th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Grove Bank & Trust grew its position in Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock valued at $86,000 after buying an additional 97 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Catalytic Wealth RIA LLC increased its stake in shares of Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company's stock valued at $654,000 after acquiring an additional 123 shares during the last quarter. Harrington Investments INC increased its stake in shares of Canadian National Railway by 0.6% during the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company's stock valued at $2,384,000 after acquiring an additional 130 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of Canadian National Railway by 3.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company's stock valued at $513,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 2.0 %

Shares of Canadian National Railway stock traded up $2.02 during trading hours on Wednesday, hitting $103.73. The company's stock had a trading volume of 674,146 shares, compared to its average volume of 1,373,137. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The stock has a 50 day moving average of $104.07 and a 200 day moving average of $110.50. The company has a market capitalization of $65.23 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.47 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 (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.37%. Canadian National Railway's dividend payout ratio (DPR) is presently 46.68%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CNI shares. Citigroup raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and upped their price objective for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Veritas raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Sanford C. Bernstein reduced their price target on Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating for the company in a report on Wednesday, October 9th. 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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.19.

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.