Bristol Gate Capital Partners Inc. Increases Stock Position in Canadian National Railway (NYSE:CNI)

Bristol Gate Capital Partners Inc. grew its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,108 shares of the transportation company’s stock after purchasing an additional 840 shares during the quarter. Bristol Gate Capital Partners Inc.’s holdings in Canadian National Railway were worth $924,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its position in shares of Canadian National Railway by 4.0% during the fourth quarter. Invesco Ltd. now owns 523,944 shares of the transportation company’s stock worth $53,186,000 after acquiring an additional 20,249 shares during the last quarter. Smith Moore & CO. increased its stake in Canadian National Railway by 14.0% in the fourth quarter. Smith Moore & CO. now owns 3,266 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 400 shares during the period. Pitcairn Co. grew its holdings in shares of Canadian National Railway by 3.5% during the fourth quarter. Pitcairn Co. now owns 4,751 shares of the transportation company’s stock worth $482,000 after buying an additional 159 shares during the last quarter. ExodusPoint Capital Management LP increased its position in Canadian National Railway by 966.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 86,700 shares of the transportation company’s stock valued at $8,801,000 after acquiring an additional 78,567 shares during the period. Finally, Motley Fool Asset Management LLC raised its stake in Canadian National Railway by 6.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 122,210 shares of the transportation company’s stock valued at $12,406,000 after acquiring an additional 7,144 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $96.61 on Monday. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a 50 day moving average price of $100.46 and a 200 day moving average price of $105.78. Canadian National Railway has a one year low of $93.64 and a one year high of $132.27. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its 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%. Sell-side analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is 47.66%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CNI shares. Barclays dropped their target price on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price 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.