Schechter Investment Advisors LLC Cuts Stock Holdings in Canadian National Railway (NYSE:CNI)

Schechter Investment Advisors LLC trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,459 shares of the transportation company’s stock after selling 674 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Canadian National Railway were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway during the 4th quarter worth $25,000. Coastline Trust Co bought a new stake in shares of Canadian National Railway during the 3rd quarter worth $34,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the 4th quarter worth $30,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.7 %

CNI stock opened at $97.56 on Wednesday. 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 firm has a market capitalization of $61.29 billion, a PE ratio of 19.05, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a twelve month low of $96.28 and a twelve month high of $134.02. The stock has a 50-day simple moving average of $102.34 and a two-hundred day simple moving average of $108.83.

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%. On average, equities analysts predict that Canadian National Railway will post 5.52 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. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.53%. Canadian National Railway’s payout ratio is presently 47.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CNI shares. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, January 10th. Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Barclays lowered 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 lifted 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. Finally, 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.