Ritholtz Wealth Management Has $2.84 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Ritholtz Wealth Management raised its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CNI. Vanguard Group Inc. increased its stake in shares of Canadian National Railway by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock worth $2,683,831,000 after purchasing an additional 554,280 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Canadian National Railway by 5.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock worth $1,421,649,000 after purchasing an additional 625,500 shares during the last quarter. Norges Bank acquired a new position in shares of Canadian National Railway during the 4th quarter worth $727,713,000. Deutsche Bank AG increased its stake in shares of Canadian National Railway by 7.3% during the 3rd quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company’s stock worth $604,011,000 after purchasing an additional 378,513 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Canadian National Railway by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 4,477,999 shares of the transportation company’s stock worth $487,145,000 after purchasing an additional 97,818 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Stephens upped their price objective on shares of Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Wells Fargo & Company upped their price objective on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Susquehanna decreased their price objective on shares of Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday. Seventeen equities research 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, the company has an average rating of “Hold” and a consensus target price of $146.70.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded up $0.06 during midday trading on Thursday, reaching $131.71. 786,867 shares of the company’s stock were exchanged, compared to its average volume of 1,007,750. The company’s 50 day simple moving average is $128.43 and its two-hundred day simple moving average is $119.55. The firm has a market capitalization of $84.34 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. Canadian National Railway has a 12 month low of $103.96 and a 12 month 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 released its quarterly earnings data 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 company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be given a dividend of $0.638 per share. The ex-dividend date is Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 1.94%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is 39.43%.

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.