Threadgill Financial LLC Boosts Position in Canadian National Railway (NYSE:CNI)

Threadgill Financial LLC increased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,228 shares of the transportation company’s stock after buying an additional 146 shares during the quarter. Canadian National Railway accounts for about 1.0% of Threadgill Financial LLC’s investment portfolio, making the stock its 23rd largest position. Threadgill Financial LLC’s holdings in Canadian National Railway were worth $1,536,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in Canadian National Railway during the 4th quarter valued at approximately $727,713,000. Artisan Partners Limited Partnership purchased a new position in shares of Canadian National Railway in the third quarter valued at $273,243,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Canadian National Railway by 25,348.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,650,355 shares of the transportation company’s stock valued at $194,698,000 after purchasing an additional 1,643,870 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Canadian National Railway in the first quarter worth $137,546,000. Finally, Goldman Sachs Group Inc. raised its stake in Canadian National Railway by 166.7% during the second quarter. Goldman Sachs Group Inc. now owns 1,772,695 shares of the transportation company’s stock valued at $199,375,000 after purchasing an additional 1,108,104 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Up 1.1 %

CNI stock opened at $131.62 on Thursday. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The firm has a market cap of $84.28 billion, a PE ratio of 20.76, a PEG ratio of 2.32 and a beta of 0.88. The firm’s 50 day moving average price is $128.25 and its 200-day moving average price is $119.47. 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 announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. On average, equities research analysts anticipate that Canadian National Railway will post 5.96 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be issued a $0.638 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, March 6th. Canadian National Railway’s dividend payout ratio is currently 39.43%.

Analyst Ratings Changes

CNI has been the topic of several recent analyst reports. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Company boosted their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Bank of America raised their price target on Canadian National Railway from $131.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. 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 research note on Thursday, January 4th. Finally, CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Seventeen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and an average price target of $145.45.

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.