Nicola Wealth Management LTD. Has $24.32 Million Position in Canadian National Railway (NYSE:CNI)

Nicola Wealth Management LTD. boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 24.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,600 shares of the transportation company’s stock after purchasing an additional 47,100 shares during the quarter. Canadian National Railway makes up 2.6% of Nicola Wealth Management LTD.’s portfolio, making the stock its 9th biggest position. Nicola Wealth Management LTD.’s holdings in Canadian National Railway were worth $24,322,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CNI. Farther Finance Advisors LLC raised its holdings in Canadian National Railway by 310.5% in the third quarter. Farther Finance Advisors LLC now owns 1,404 shares of the transportation company’s stock worth $164,000 after purchasing an additional 1,062 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Canadian National Railway by 4.3% in the third quarter. Janney Montgomery Scott LLC now owns 128,771 shares of the transportation company’s stock worth $15,086,000 after purchasing an additional 5,301 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Canadian National Railway by 45.0% in the third quarter. Van ECK Associates Corp now owns 233,110 shares of the transportation company’s stock worth $26,126,000 after acquiring an additional 72,320 shares during the last quarter. Northstar Asset Management Inc. grew its stake in shares of Canadian National Railway by 1.2% in the third quarter. Northstar Asset Management Inc. now owns 96,462 shares of the transportation company’s stock worth $11,301,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new stake in shares of Canadian National Railway in the third quarter worth $316,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 3.0 %

CNI stock opened at $98.28 on Tuesday. Canadian National Railway has a fifty-two week low of $98.18 and a fifty-two week high of $134.02. The business’s 50-day moving average is $102.45 and its two-hundred day moving average is $108.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $61.75 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.51%. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CNI shares. Barclays cut their target price on 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. Stifel Nicolaus increased their target price on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada cut their target price on 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. Finally, Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.19.

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.