Sheaff Brock Investment Advisors LLC Purchases New Stake in Canadian National Railway (NYSE:CNI)

Sheaff Brock Investment Advisors LLC purchased a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,524 shares of the transportation company’s stock, valued at approximately $201,000.

A number of other large investors have also added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in Canadian National Railway by 61.1% during the 4th quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock worth $20,375,000 after buying an additional 61,498 shares during the period. Royal London Asset Management Ltd. increased its position in Canadian National Railway by 1.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock worth $201,351,000 after buying an additional 17,083 shares during the period. YCG LLC increased its position in Canadian National Railway by 6.0% during the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after buying an additional 14,249 shares during the period. Koshinski Asset Management Inc. bought a new position in Canadian National Railway during the 1st quarter worth $627,000. Finally, Virtu Financial LLC acquired a new stake in shares of Canadian National Railway during the 4th quarter worth $816,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays lowered their target price on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Wednesday. Jefferies Financial Group started coverage on Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 target price on the stock. Finally, Stifel Nicolaus decreased their price target on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a report on Wednesday. Eighteen investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $138.35.

Canadian National Railway Stock Performance

NYSE:CNI traded up $2.03 during trading on Friday, reaching $115.45. The company’s stock had a trading volume of 1,198,655 shares, compared to its average volume of 1,140,253. The firm has a market cap of $73.01 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.46 and a current ratio of 0.63. The firm has a 50 day moving average of $121.28 and a 200-day moving average of $125.48. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS. Research analysts expect that Canadian National Railway will post 5.71 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.614 per share. The ex-dividend date is Friday, September 6th. This represents a $2.46 annualized dividend and a dividend yield of 2.13%. Canadian National Railway’s payout ratio is 39.23%.

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.