Sciencast Management LP Acquires Shares of 7,311 Canadian National Railway (NYSE:CNI)

Sciencast Management LP acquired a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,311 shares of the transportation company’s stock, valued at approximately $742,000.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd grew its stake in Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock valued at $1,822,000 after purchasing an additional 4,698 shares in the last quarter. Unigestion Holding SA grew its stake in Canadian National Railway by 363.6% during the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after purchasing an additional 120,687 shares in the last quarter. Partners Group Holding AG grew its stake in Canadian National Railway by 16.3% during the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock valued at $47,571,000 after purchasing an additional 56,849 shares in the last quarter. Synovus Financial Corp grew its stake in Canadian National Railway by 82.3% during the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock valued at $1,625,000 after purchasing an additional 6,261 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $436,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus increased their target price on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Royal Bank of Canada cut their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Barclays cut their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two investment 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. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $96.71 on Friday. The company has a market capitalization of $60.77 billion, a PE ratio of 18.89, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.73. 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 stock’s fifty day simple moving average is $101.27 and its 200 day simple moving average is $107.21.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued 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%. On average, research analysts predict that Canadian National Railway will post 5.52 EPS for the current 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 issued a $0.6159 dividend. This is a boost 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 2.55%. Canadian National Railway’s dividend payout ratio (DPR) is presently 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.