Sterling Investment Management LLC Has $3.36 Million Stake in Canadian National Railway (NYSE:CNI)

Sterling Investment Management LLC lowered its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 26,729 shares of the transportation company’s stock after selling 676 shares during the period. Canadian National Railway accounts for approximately 2.5% of Sterling Investment Management LLC’s holdings, making the stock its 10th largest position. Sterling Investment Management LLC’s holdings in Canadian National Railway were worth $3,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tyler Stone Wealth Management bought a new stake in shares of Canadian National Railway during the second quarter worth approximately $30,000. JFS Wealth Advisors LLC increased its holdings in shares of Canadian National Railway by 241.1% during the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after buying an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after buying an additional 202 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Canadian National Railway during the third quarter worth $41,000. Finally, Crewe Advisors LLC acquired a new position in shares of Canadian National Railway during the third quarter worth $43,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $131.62 on Thursday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The stock has a market cap of $84.28 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.32 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The firm’s 50-day simple moving average is $128.25 and its 200 day simple moving average is $119.47.

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

Canadian National Railway Increases Dividend

The company also recently disclosed 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 positive change from Canadian National Railway’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.55 annualized dividend and a yield of 1.94%. Canadian National Railway’s dividend payout ratio (DPR) is 39.43%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Susquehanna Bancshares increased their price objective on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a report on Monday, January 8th. TD Securities cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup upped their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Wells Fargo & Company upped their price target on shares of 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. Finally, Bank of America upped their price target on shares of Canadian National Railway from $131.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Seventeen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway has an average rating of “Hold” and an average target price of $145.45.

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.