Edmond DE Rothschild Holding S.A. Buys 2,219 Shares of Canadian National Railway (NYSE:CNI)

Edmond DE Rothschild Holding S.A. increased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,016 shares of the transportation company’s stock after acquiring an additional 2,219 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Canadian National Railway were worth $3,958,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the fourth quarter worth approximately $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway during the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC boosted its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their target price on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. TD Securities upgraded shares of 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. Finally, 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 report on Friday, January 10th. Two equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $97.35 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 stock has a market cap of $61.17 billion, a PE ratio of 19.01, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.27. The business’s 50-day moving average price is $100.98 and its two-hundred day moving average price is $106.35.

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

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.53%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 47.66%.

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.