Trust Co. of Vermont Acquires 1,860 Shares of Canadian National Railway (NYSE:CNI)

Trust Co. of Vermont boosted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 72.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,428 shares of the transportation company’s stock after acquiring an additional 1,860 shares during the quarter. Trust Co. of Vermont’s holdings in Canadian National Railway were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Canoe Financial LP purchased a new stake in shares of Canadian National Railway in the fourth quarter worth approximately $216,943,000. Cvfg LLC purchased a new stake in Canadian National Railway in the 4th quarter valued at $219,000. Dixon Mitchell Investment Counsel Inc. lifted its stake in Canadian National Railway by 2.3% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 490,939 shares of the transportation company’s stock valued at $49,853,000 after acquiring an additional 11,004 shares in the last quarter. Outlook Wealth Advisors LLC boosted its holdings in Canadian National Railway by 32.2% during the 4th quarter. Outlook Wealth Advisors LLC now owns 3,557 shares of the transportation company’s stock worth $361,000 after acquiring an additional 867 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $101.54 on Friday. The firm has a market capitalization of $63.85 billion, a PE ratio of 16.27, a P/E/G ratio of 2.21 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $105.44 and a two-hundred day moving average price of $111.91. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $1.26 EPS. Canadian National Railway’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities analysts forecast that Canadian National Railway will post 5.21 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.6108 per share. The ex-dividend date was Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.41%. Canadian National Railway’s payout ratio is 38.30%.

Analysts Set New Price Targets

CNI has been the topic of a number of recent analyst reports. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and cut their target price for the stock from $132.00 to $120.00 in a research note on Thursday. Susquehanna decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on 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, The Goldman Sachs Group reduced their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

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.