Schechter Investment Advisors LLC Has $934,000 Holdings in Canadian National Railway (NYSE:CNI)

Schechter Investment Advisors LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 13.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,436 shares of the transportation company’s stock after acquiring an additional 909 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Canadian National Railway were worth $934,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CNI. Tyler Stone Wealth Management purchased a new position in Canadian National Railway during the second quarter valued at approximately $30,000. JFS Wealth Advisors LLC grew its position in Canadian National Railway by 241.1% in the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Canadian National Railway by 121.0% in the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after acquiring an additional 202 shares in the last quarter. Rational Advisors LLC bought a new stake in Canadian National Railway in the third quarter worth approximately $41,000. Finally, Crewe Advisors LLC bought a new stake in Canadian National Railway in the third quarter worth approximately $43,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Up 1.1 %

Shares of Canadian National Railway stock opened at $131.62 on Thursday. The stock has a market capitalization of $84.28 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.32 and a beta of 0.88. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The company has a 50-day simple moving average of $128.25 and a 200 day simple moving average of $119.47. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. 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 of this dividend 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%.

Wall Street Analyst Weigh In

Several research firms have commented on CNI. Wells Fargo & Company boosted their target price on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares boosted their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Citigroup boosted their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Seventeen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus target price 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.