Keystone Investors PTE Ltd. Has $3.26 Million Stock Position in Canadian National Railway (NYSE:CNI)

Keystone Investors PTE Ltd. lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,138 shares of the transportation company’s stock after selling 3,549 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Canadian National Railway were worth $3,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the 4th quarter worth about $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC raised its holdings in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted 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 valued at $34,000 after acquiring an additional 108 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CNI. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Performance

NYSE:CNI opened at $98.73 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $62.04 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $132.73. The stock’s 50-day simple moving average is $101.24 and its 200 day simple moving average is $106.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.50%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend 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.