Canadian National Railway (NYSE:CNI) Position Boosted by JCIC Asset Management Inc.

JCIC Asset Management Inc. boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 72.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 684 shares of the transportation company’s stock after buying an additional 287 shares during the period. JCIC Asset Management Inc.’s holdings in Canadian National Railway were worth $69,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Canadian National Railway during the third quarter worth $34,000. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway in the 3rd quarter worth about $41,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at about $56,000. Finally, Grove Bank & Trust grew its position in shares of Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock valued at $86,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CNI shares. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. The Goldman Sachs Group cut their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Stephens restated an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein cut their price target on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.77.

Canadian National Railway Price Performance

NYSE:CNI traded up $0.37 during mid-day trading on Monday, reaching $100.32. 785,930 shares of the stock were exchanged, compared to its average volume of 1,133,002. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average price of $106.41 and a 200 day moving average price of $112.42. Canadian National Railway has a 1-year low of $98.96 and a 1-year high of $134.02. The firm has a market capitalization of $63.11 billion, a PE ratio of 16.08, a PEG ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 earnings per share. Research analysts expect that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s payout ratio is 38.14%.

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.