Broderick Brian C Buys 4,977 Shares of Canadian National Railway Company $CNI

Broderick Brian C grew its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,699 shares of the transportation company’s stock after buying an additional 4,977 shares during the quarter. Canadian National Railway accounts for 1.5% of Broderick Brian C’s investment portfolio, making the stock its 23rd biggest position. Broderick Brian C’s holdings in Canadian National Railway were worth $8,396,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in Canadian National Railway during the first quarter valued at about $311,000. Focus Partners Wealth boosted its holdings in shares of Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after purchasing an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Canadian National Railway in the 2nd quarter worth about $202,000. EverSource Wealth Advisors LLC increased its position in shares of Canadian National Railway by 52.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Canadian National Railway by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 474 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.0%

CNI opened at $129.07 on Monday. The company has a market cap of $78.22 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.46 and a beta of 0.96. The business’s 50-day moving average price is $118.48 and its 200-day moving average price is $109.70. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $129.52.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the business posted $1.85 EPS. Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts expect that Canadian National Railway Company will post 5.66 EPS for the current year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $0.915 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 2.8%. Canadian National Railway’s payout ratio is presently 48.55%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CNI. Susquehanna reissued a “neutral” rating and set a $140.00 price objective (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th. Citigroup upped their target price on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. National Bank Financial set a $124.00 price target on shares of Canadian National Railway in a research report on Thursday, June 25th. Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Finally, Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $132.12.

Canadian National Railway Company 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.