Rockefeller Capital Management L.P. Purchases 2,842 Shares of Canadian National Railway (NYSE:CNI)

Rockefeller Capital Management L.P. increased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,209 shares of the transportation company's stock after purchasing an additional 2,842 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Canadian National Railway were worth $14,745,000 at the end of the most recent quarter.

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

Canadian National Railway Trading Up 0.7 %

Shares of CNI stock traded up $0.67 on Friday, reaching $99.21. The company had a trading volume of 1,159,602 shares, compared to its average volume of 1,286,147. The company has a 50-day moving average of $98.99 and a 200-day moving average of $104.22. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $130.63. The stock has a market cap of $62.35 billion, a PE ratio of 19.38, a PEG ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

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 for the quarter, missing analysts' consensus estimates 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, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNI. Susquehanna dropped their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Barclays cut their price objective on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Citigroup cut their price target on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Jefferies Financial Group decreased their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $120.36.

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.