Vise Technologies Inc. Acquires 4,601 Shares of Canadian National Railway Company $CNI

Vise Technologies Inc. boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 80.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,344 shares of the transportation company’s stock after acquiring an additional 4,601 shares during the period. Vise Technologies Inc.’s holdings in Canadian National Railway were worth $1,023,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Roberts Glore & Co. Inc. IL increased its position in shares of Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after acquiring an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Canadian National Railway by 10.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 113 shares in the last quarter. Patten Group Inc. lifted its position in Canadian National Railway by 1.4% in the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock valued at $823,000 after acquiring an additional 114 shares in the last quarter. ICW Investment Advisors LLC boosted its stake in Canadian National Railway by 0.7% during the 3rd quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock valued at $1,558,000 after purchasing an additional 120 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Canadian National Railway by 2.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,109 shares of the transportation company’s stock worth $604,000 after purchasing an additional 123 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CNI shares. Canadian Imperial Bank of Commerce increased their price objective on Canadian National Railway from C$164.00 to C$182.00 and gave the stock an “outperformer” rating in a research note on Tuesday. Citigroup lifted their target price on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein upped their price target on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Trading Down 0.3%

NYSE:CNI opened at $120.40 on Wednesday. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $122.48. The firm has a 50-day moving average price of $112.34 and a two-hundred day moving average price of $105.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $73.17 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 EPS. On average, equities analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.0%. Canadian National Railway’s payout ratio is currently 48.73%.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.