Ritholtz Wealth Management Purchases 1,321 Shares of Canadian National Railway (NYSE:CNI)

Ritholtz Wealth Management increased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,628 shares of the transportation company’s stock after buying an additional 1,321 shares during the quarter. Ritholtz Wealth Management’s holdings in Canadian National Railway were worth $2,843,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Tyler Stone Wealth Management bought a new position in Canadian National Railway during the 2nd quarter valued at $30,000. JFS Wealth Advisors LLC lifted its stake in Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares in the last quarter. Rational Advisors LLC bought a new position in Canadian National Railway during the 3rd quarter valued at $41,000. Finally, Crewe Advisors LLC bought a new position in Canadian National Railway during the 3rd quarter valued at $43,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

NYSE:CNI traded up $0.06 during mid-day trading on Thursday, reaching $131.71. The stock had a trading volume of 786,867 shares, compared to its average volume of 1,007,750. The firm has a 50 day moving average price of $128.43 and a two-hundred day moving average price of $119.55. The stock has a market capitalization of $84.34 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.32 and a beta of 0.88. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. As a group, analysts expect that Canadian National Railway will post 5.96 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be paid a $0.638 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Wednesday, March 6th. Canadian National Railway’s payout ratio is 39.43%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CNI. TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. CIBC lowered Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Wells Fargo & Company raised their target price on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup raised their target price on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Susquehanna Bancshares raised their target price on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research report on Monday, January 8th. Seventeen research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average target price of $146.70.

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.