Canadian National Railway (NYSE:CNI) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,801 shares of the transportation company’s stock after acquiring an additional 7,461 shares during the quarter. Sei Investments Co.’s holdings in Canadian National Railway were worth $38,148,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. National Bank of Canada FI raised its position in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Canoe Financial LP acquired a new stake in Canadian National Railway in the fourth quarter worth $216,943,000. Point72 Asset Management L.P. bought a new stake in Canadian National Railway in the third quarter valued at $159,907,000. Wellington Management Group LLP grew its position in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Canadian National Railway by 64.5% in the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock worth $174,813,000 after acquiring an additional 584,832 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 2.0 %

CNI stock opened at $98.73 on Tuesday. The firm has a market cap of $62.04 billion, a PE ratio of 19.28, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.73. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $101.24 and a 200 day simple moving average of $106.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. Equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.50%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CNI shares. Bank of America reduced their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. 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 report on Friday, January 17th. Stifel Nicolaus boosted their price target on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 10th. 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.