Louisbourg Investments Inc. Boosts Holdings in Canadian National Railway (NYSE:CNI)

Louisbourg Investments Inc. raised its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 287,069 shares of the transportation company’s stock after purchasing an additional 42,239 shares during the period. Canadian National Railway accounts for approximately 7.0% of Louisbourg Investments Inc.’s investment portfolio, making the stock its biggest position. Louisbourg Investments Inc.’s holdings in Canadian National Railway were worth $29,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CNI. Fortitude Family Office LLC increased its holdings in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway in the fourth quarter valued at $30,000. Coastline Trust Co acquired a new position in shares of Canadian National Railway in the third quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in 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 in the last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway in the third quarter valued at about $41,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Jefferies Financial Group upgraded shares of 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. Barclays decreased their price target on shares of 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. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Up 0.3 %

CNI stock opened at $102.85 on Wednesday. The stock has a market capitalization of $64.67 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The firm has a 50-day moving average price of $103.26 and a 200-day moving average price of $109.98.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its 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 return on equity of 22.48% and a net margin of 26.09%. As a group, equities research analysts anticipate that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is 46.68%.

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.