Canadian National Railway (NYSE:CNI) Shares Purchased by Act Two Investors LLC

Act Two Investors LLC grew its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 262.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,719 shares of the transportation company’s stock after purchasing an additional 86,699 shares during the quarter. Canadian National Railway makes up about 2.4% of Act Two Investors LLC’s portfolio, making the stock its 14th biggest holding. Act Two Investors LLC’s holdings in Canadian National Railway were worth $12,153,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Scotia Capital Inc. boosted its position in Canadian National Railway by 11.9% during the fourth quarter. Scotia Capital Inc. now owns 3,012,858 shares of the transportation company’s stock worth $304,712,000 after acquiring an additional 321,178 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Canadian National Railway during the 4th quarter worth approximately $28,022,000. APG Asset Management N.V. grew its position in shares of Canadian National Railway by 170.0% in the fourth quarter. APG Asset Management N.V. now owns 385,700 shares of the transportation company’s stock valued at $37,805,000 after purchasing an additional 242,829 shares in the last quarter. Greenland Capital Management LP purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $1,523,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Canadian National Railway by 501.2% in the fourth quarter. Renaissance Technologies LLC now owns 352,900 shares of the transportation company’s stock valued at $35,823,000 after purchasing an additional 294,200 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 2.6 %

Shares of NYSE CNI opened at $95.75 on Friday. 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 business’s 50 day moving average is $99.40 and its two-hundred day moving average is $105.01. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $132.27. The firm has a market cap of $60.17 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data 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%. Research analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CNI. Wells Fargo & Company lowered their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Jefferies Financial Group reduced their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.19.

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.