Orion Portfolio Solutions LLC Raises Holdings in Canadian National Railway (NYSE:CNI)

Orion Portfolio Solutions LLC lifted its holdings in shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,631 shares of the transportation company’s stock after purchasing an additional 257 shares during the period. Orion Portfolio Solutions LLC’s holdings in Canadian National Railway were worth $1,331,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in Canadian National Railway by 4.2% during the third quarter. Assenagon Asset Management S.A. now owns 16,945 shares of the transportation company’s stock worth $1,844,000 after acquiring an additional 686 shares during the last quarter. Barclays PLC boosted its holdings in shares of Canadian National Railway by 36.9% in the 3rd quarter. Barclays PLC now owns 23,329 shares of the transportation company’s stock valued at $2,527,000 after purchasing an additional 6,283 shares during the last quarter. Financial Counselors Inc. boosted its holdings in shares of Canadian National Railway by 7.1% in the 3rd quarter. Financial Counselors Inc. now owns 3,198 shares of the transportation company’s stock valued at $346,000 after purchasing an additional 213 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Canadian National Railway by 4.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,982 shares of the transportation company’s stock valued at $323,000 after purchasing an additional 140 shares during the last quarter. Finally, Keybank National Association OH boosted its holdings in shares of Canadian National Railway by 0.9% in the 3rd quarter. Keybank National Association OH now owns 20,151 shares of the transportation company’s stock valued at $2,183,000 after purchasing an additional 178 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CNI. Jefferies Financial Group began coverage on shares of Canadian National Railway in a report on Monday, April 8th. They issued a “hold” rating and a $130.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a report on Friday, April 12th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Barclays lifted their price target on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $149.05.

View Our Latest Research Report on CNI

Canadian National Railway Price Performance

CNI opened at $127.33 on Friday. The company has a 50-day moving average of $127.28 and a 200-day moving average of $125.46. The company has a market capitalization of $81.07 billion, a P/E ratio of 20.31, a PEG ratio of 2.23 and a beta of 0.89. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. Equities analysts expect that Canadian National Railway will post 5.9 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s payout ratio is currently 39.71%.

Canadian National Railway Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.