Canadian National Railway (NYSE:CNI) Shares Purchased by Threadgill Financial LLC

Threadgill Financial LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,228 shares of the transportation company’s stock after acquiring an additional 146 shares during the quarter. Canadian National Railway makes up 1.0% of Threadgill Financial LLC’s portfolio, making the stock its 23rd biggest holding. Threadgill Financial LLC’s holdings in Canadian National Railway were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Ascent Group LLC increased its stake in Canadian National Railway by 2.2% during the third quarter. Ascent Group LLC now owns 4,005 shares of the transportation company’s stock worth $474,000 after purchasing an additional 87 shares during the period. Baird Financial Group Inc. increased its position in shares of Canadian National Railway by 0.3% during the third quarter. Baird Financial Group Inc. now owns 28,401 shares of the transportation company’s stock worth $3,067,000 after acquiring an additional 88 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Canadian National Railway by 2.9% in the second quarter. SRS Capital Advisors Inc. now owns 3,123 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 89 shares in the last quarter. State of Wyoming boosted its holdings in Canadian National Railway by 11.7% in the fourth quarter. State of Wyoming now owns 867 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 91 shares during the period. Finally, Tacita Capital Inc boosted its holdings in Canadian National Railway by 0.4% in the third quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company’s stock valued at $2,972,000 after purchasing an additional 97 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

CNI stock opened at $131.62 on Thursday. The firm has a 50 day moving average of $128.25 and a 200-day moving average of $119.47. The company has a market cap of $84.28 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.32 and a beta of 0.88. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities analysts expect that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be given a $0.638 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.55 annualized dividend and a dividend yield of 1.94%. Canadian National Railway’s dividend payout ratio is presently 39.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Susquehanna Bancshares increased their price target on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Bank of America increased their price objective on shares of Canadian National Railway from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Stephens boosted their target price on shares of Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 4th. Finally, CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Seventeen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $145.45.

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.