Motley Fool Asset Management LLC Grows Stock Holdings in Canadian National Railway (NYSE:CNI)

Motley Fool Asset Management LLC increased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,210 shares of the transportation company's stock after purchasing an additional 7,144 shares during the period. Motley Fool Asset Management LLC's holdings in Canadian National Railway were worth $12,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway in the 4th quarter worth about $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway in the fourth quarter worth about $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% during the fourth 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. Institutional investors own 80.74% of the company's stock.

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Wall Street Analysts Forecast Growth

CNI has been the subject of a number of analyst reports. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Susquehanna cut their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus upped 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.36.

Canadian National Railway Price Performance

Shares of CNI traded down $0.67 during trading hours on Tuesday, reaching $94.08. 892,236 shares of the stock traded hands, compared to its average volume of 1,254,719. Canadian National Railway has a 52-week low of $92.58 and a 52-week high of $132.27. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a market cap of $59.12 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company's 50-day moving average price is $100.22 and its two-hundred day moving average price is $105.61.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results 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 return on equity of 22.48% and a net margin of 26.09%. On average, analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.62%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is presently 47.66%.

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.