Dillon & Associates Inc. Has $8.02 Million Position in Canadian National Railway (NYSE:CNI)

Dillon & Associates Inc. decreased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 78,589 shares of the transportation company’s stock after selling 2,812 shares during the quarter. Canadian National Railway accounts for about 1.1% of Dillon & Associates Inc.’s holdings, making the stock its 27th biggest position. Dillon & Associates Inc.’s holdings in Canadian National Railway were worth $8,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Canadian National Railway by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock valued at $2,334,251,000 after purchasing an additional 101,228 shares in the last quarter. Guardian Partners Inc. bought a new position in shares of Canadian National Railway in the 4th quarter worth about $23,468,000. Hillsdale Investment Management Inc. raised its position in shares of Canadian National Railway by 219.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 57,717 shares of the transportation company’s stock worth $5,854,000 after acquiring an additional 39,627 shares in the last quarter. Sei Investments Co. raised its position in shares of Canadian National Railway by 2.0% in the 4th quarter. Sei Investments Co. now owns 375,801 shares of the transportation company’s stock worth $38,148,000 after acquiring an additional 7,461 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Canadian National Railway by 6.7% in the 4th quarter. American Century Companies Inc. now owns 147,878 shares of the transportation company’s stock worth $15,017,000 after acquiring an additional 9,340 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 1.1 %

Shares of CNI stock opened at $96.71 on Monday. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.73. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm’s 50 day moving average is $101.27 and its 200 day moving average is $107.13. The stock has a market capitalization of $60.77 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Research analysts expect that Canadian National Railway will post 5.52 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 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. This represents a $2.46 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s payout ratio is currently 47.66%.

Wall Street Analysts Forecast Growth

CNI has been the subject of several research reports. Stifel Nicolaus raised their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Friday, January 10th. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Royal Bank of Canada lowered their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two 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, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Company 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.