Thurston Springer Miller Herd & Titak Inc. Buys Shares of 224 Canadian National Railway (NYSE:CNI)

Thurston Springer Miller Herd & Titak Inc. bought a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 224 shares of the transportation company’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. Wells Fargo & Company MN boosted its stake in Canadian National Railway by 61.1% in the 4th quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock valued at $20,375,000 after buying an additional 61,498 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of Canadian National Railway by 1.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock worth $201,351,000 after acquiring an additional 17,083 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Canadian National Railway during the first quarter worth $627,000. YCG LLC raised its position in shares of Canadian National Railway by 6.0% during the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock worth $31,418,000 after acquiring an additional 14,249 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Canadian National Railway during the fourth quarter worth $816,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

CNI has been the subject of a number of recent research reports. Stephens dropped their target price on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Susquehanna dropped their target price on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company dropped their price objective on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Sixteen equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $138.35.

Canadian National Railway Stock Performance

Shares of NYSE CNI traded up $0.21 during trading hours on Wednesday, reaching $111.89. 122,786 shares of the stock were exchanged, compared to its average volume of 1,085,270. The firm has a market capitalization of $70.76 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The stock’s fifty day simple moving average is $119.43 and its 200 day simple moving average is $124.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. Canadian National Railway’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.31 EPS. Sell-side analysts predict that Canadian National Railway will post 5.64 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.614 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.07%.

Canadian National Railway Profile

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.