Thoroughbred Financial Services LLC Lowers Position in Canadian National Railway (NYSE:CNI)

Thoroughbred Financial Services LLC lessened its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,635 shares of the transportation company’s stock after selling 291 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Canadian National Railway were worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway in the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC raised its position in 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 stake in 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 worth $34,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI stock opened at $96.61 on Friday. 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 cap of $60.71 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.95 and a beta of 0.93. The business’s 50 day moving average price is $100.46 and its 200-day moving average price is $105.86. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.27.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $0.6159 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.55%. Canadian National Railway’s dividend payout ratio (DPR) is 47.66%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CNI shares. Barclays decreased their price objective on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday. Susquehanna lowered 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. Bank of America reduced their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus price target of $123.36.

Canadian National Railway Company 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.