Delaney Dennis R Acquires 825 Shares of Canadian National Railway (NYSE:CNI)

Delaney Dennis R boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,535 shares of the transportation company’s stock after acquiring an additional 825 shares during the period. Canadian National Railway accounts for 2.8% of Delaney Dennis R’s portfolio, making the stock its 18th largest position. Delaney Dennis R’s holdings in Canadian National Railway were worth $5,231,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position 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. Crestwood Advisors Group LLC increased its position in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after purchasing an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. increased its position in Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 139 shares in the last quarter. Addison Advisors LLC lifted its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in Canadian National Railway by 5.0% in the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock valued at $335,000 after buying an additional 156 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CNI. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Barclays dropped their price objective on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Citigroup decreased their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group dropped their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $120.36.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $100.28 on Tuesday. The business has a 50-day simple moving average of $99.28 and a 200 day simple moving average of $104.71. The firm has a market capitalization of $63.02 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63.

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 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, research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

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