Frank Rimerman Advisors LLC Purchases 5,980 Shares of Canadian National Railway Company $CNI

Frank Rimerman Advisors LLC grew its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 274.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,162 shares of the transportation company’s stock after purchasing an additional 5,980 shares during the period. Frank Rimerman Advisors LLC’s holdings in Canadian National Railway were worth $807,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Canadian National Railway by 1.6% in the third quarter. Vanguard Group Inc. now owns 24,300,252 shares of the transportation company’s stock worth $2,291,562,000 after buying an additional 372,859 shares in the last quarter. Bank of Montreal Can grew its position in Canadian National Railway by 0.3% during the third quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock worth $1,338,948,000 after buying an additional 42,907 shares in the last quarter. Caisse de depot et placement du Quebec increased its stake in Canadian National Railway by 1.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after acquiring an additional 157,000 shares during the last quarter. Lazard Asset Management LLC increased its stake in Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after acquiring an additional 8,954,310 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Canadian National Railway by 0.4% in the 3rd quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock valued at $813,287,000 after acquiring an additional 35,938 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CNI shares. BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Sanford C. Bernstein lifted their target price on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday. Royal Bank Of Canada cut their price target on shares of Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Finally, Barclays increased their price target on shares of Canadian National Railway from $97.00 to $98.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $115.70.

Canadian National Railway Trading Up 0.5%

Shares of CNI stock opened at $103.33 on Thursday. The business has a 50-day moving average price of $104.34 and a two-hundred day moving average price of $99.08. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $113.08. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. The firm has a market cap of $63.16 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 EPS. Equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a dividend of $0.915 per share. The ex-dividend date was Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a yield of 3.5%. Canadian National Railway’s dividend payout ratio (DPR) is 49.36%.

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.