Sciencast Management LP Invests $742,000 in Canadian National Railway (NYSE:CNI)

Sciencast Management LP bought a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,311 shares of the transportation company's stock, valued at approximately $742,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the fourth quarter worth $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway during the fourth quarter valued at $30,000. Addison Advisors LLC boosted its holdings in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 valued at $34,000 after acquiring an additional 108 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.2 %

Shares of CNI traded down $0.25 on Tuesday, hitting $98.45. The company's stock had a trading volume of 404,126 shares, compared to its average volume of 1,187,429. The firm's fifty day moving average price is $101.24 and its 200-day moving average price is $106.99. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.73. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $61.87 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.95 and a beta of 0.91.

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Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released 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 net margin of 26.09% and a return on equity of 22.48%. On average, equities research analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.6159 dividend. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.50%. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

Analyst Ratings Changes

A number of research firms have issued reports on CNI. Royal Bank of Canada cut their target price on shares of 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. Susquehanna cut their price objective 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. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Two 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, the stock has an average rating of "Moderate Buy" and an average target price 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.