Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New $4.57 Million Investment in Canadian National Railway (NYSE:CNI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 45,000 shares of the transportation company’s stock, valued at approximately $4,568,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 acquiring an additional 108 shares in the last quarter. Crestwood Advisors Group LLC lifted its holdings in Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after acquiring an additional 114 shares in the last quarter. Addison Advisors LLC lifted its holdings in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Canadian National Railway by 5.0% during the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after acquiring an additional 156 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Canadian National Railway by 4.4% in the 4th quarter. Vontobel Holding Ltd. now owns 3,933 shares of the transportation company’s stock valued at $399,000 after purchasing an additional 167 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent research reports. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus lifted their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Bank of America dropped their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Barclays dropped their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $96.71 on Monday. The business’s 50 day moving average price is $101.27 and its two-hundred day moving average price is $107.13. The company has a market cap of $60.77 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $132.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly 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, analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be 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 is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is 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.