CX Institutional Acquires New Holdings in Canadian National Railway Company (NYSE:CNI)

CX Institutional bought a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 400 shares of the transportation company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in shares of Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after buying an additional 106 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Down 2.6%

CNI opened at $102.03 on Wednesday. Canadian National Railway Company has a 1 year low of $91.65 and a 1 year high of $123.96. The firm has a 50 day moving average price of $102.24 and a 200 day moving average price of $101.77. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. The company has a market cap of $64.06 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $0.8875 dividend. This is an increase from Canadian National Railway’s previous dividend of $0.29. This represents a yield of 2.47%. The ex-dividend date is Monday, June 9th. Canadian National Railway’s dividend payout ratio is currently 50.49%.

Analyst Ratings Changes

CNI has been the topic of a number of analyst reports. Stephens raised their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. Barclays dropped their target price on Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Bank of America lifted their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.36.

Canadian National Railway Company 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.