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

Vise Technologies Inc. boosted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 80.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,344 shares of the transportation company’s stock after purchasing an additional 4,601 shares during the period. Vise Technologies Inc.’s holdings in Canadian National Railway were worth $1,023,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. High Point Wealth Management LLC bought a new stake in shares of Canadian National Railway in the 4th quarter valued at about $27,000. Costello Asset Management INC lifted its stake in shares of Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after acquiring an additional 150 shares during the period. Leonteq Securities AG bought a new stake in Canadian National Railway in the fourth quarter valued at approximately $39,000. Fulcrum Asset Management LLP bought a new stake in Canadian National Railway in the third quarter valued at approximately $51,000. Finally, TFC Financial Management Inc. bought a new position in Canadian National Railway during the 4th quarter worth approximately $61,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 0.3%

Canadian National Railway stock opened at $120.40 on Wednesday. The company has a market capitalization of $73.17 billion, a PE ratio of 21.89, a PEG ratio of 2.31 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $122.48. The firm’s fifty day moving average is $112.34 and its 200 day moving average is $105.07. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the company posted $1.85 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce increased their price target on Canadian National Railway from C$164.00 to C$182.00 and gave the stock an “outperformer” rating in a report on Tuesday. Sanford C. Bernstein lifted their price objective on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Finally, Citigroup upped 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. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $122.04.

Canadian National Railway Profile

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.