Canadian National Railway (NYSE:CNI) Shares Purchased by Northstar Asset Management Inc.

Northstar Asset Management Inc. increased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 96,462 shares of the transportation company’s stock after purchasing an additional 1,164 shares during the period. Canadian National Railway makes up approximately 2.8% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 14th largest position. Northstar Asset Management Inc.’s holdings in Canadian National Railway were worth $11,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. Private Advisor Group LLC lifted its position in shares of Canadian National Railway by 19.4% during the first quarter. Private Advisor Group LLC now owns 10,263 shares of the transportation company’s stock worth $1,352,000 after purchasing an additional 1,671 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Canadian National Railway in the 1st quarter valued at $64,000. Jennison Associates LLC lifted its position in shares of Canadian National Railway by 22.6% during the 1st quarter. Jennison Associates LLC now owns 141,943 shares of the transportation company’s stock worth $18,695,000 after purchasing an additional 26,204 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Canadian National Railway by 7.8% during the 1st quarter. Whittier Trust Co. now owns 3,768 shares of the transportation company’s stock worth $496,000 after purchasing an additional 273 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in Canadian National Railway in the first quarter valued at $4,451,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Susquehanna reduced their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $125.18.

Canadian National Railway Stock Up 1.0 %

Shares of Canadian National Railway stock opened at $109.07 on Wednesday. The company has a market cap of $68.58 billion, a P/E ratio of 17.48, a PEG ratio of 2.43 and a beta of 0.89. The firm has a fifty day moving average of $115.02 and a two-hundred day moving average of $118.44. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. Canadian National Railway has a one year low of $107.54 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 39.26%.

About Canadian National Railway

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.