Hendershot Investments Inc. Purchases 8,564 Shares of Canadian National Railway (NYSE:CNI)

Hendershot Investments Inc. grew its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,751 shares of the transportation company's stock after purchasing an additional 8,564 shares during the quarter. Canadian National Railway comprises approximately 1.6% of Hendershot Investments Inc.'s portfolio, making the stock its 19th biggest holding. Hendershot Investments Inc.'s holdings in Canadian National Railway were worth $11,445,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Fortitude Family Office LLC boosted its holdings in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock worth $30,000 after buying an additional 229 shares during the period. Coastline Trust Co purchased a new stake in shares of Canadian National Railway during the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Canadian National Railway by 48.2% in the fourth 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 period. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway in the third quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of Canadian National Railway in the third quarter valued at $56,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CNI shares. Barclays cut their target price on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Stifel Nicolaus raised their price objective 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. Susquehanna decreased their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Two 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. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus target price of $124.19.

Canadian National Railway Trading Down 0.3 %

NYSE:CNI traded down $0.27 during trading hours on Wednesday, reaching $102.65. The company's stock had a trading volume of 951,958 shares, compared to its average volume of 1,378,177. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a market capitalization of $64.49 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.94 and a beta of 0.91. The firm has a 50-day simple moving average of $103.26 and a 200-day simple moving average of $109.98. Canadian National Railway has a 1 year low of $98.69 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released 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 return on equity of 22.48% and a net margin of 26.09%. Research analysts expect that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio is 47.66%.

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.