Northstar Investment Advisors LLC Purchases 1,035 Shares of Canadian National Railway (CNI)

Northstar Investment Advisors LLC raised its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 118,305 shares of the transportation company’s stock after acquiring an additional 1,035 shares during the quarter. Canadian National Railway makes up about 2.1% of Northstar Investment Advisors LLC’s holdings, making the stock its 18th largest holding. Northstar Investment Advisors LLC’s holdings in Canadian National Railway were worth $10,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CNI. Bank of Nova Scotia grew its stake in shares of Canadian National Railway by 4.5% during the 2nd quarter. Bank of Nova Scotia now owns 2,741,220 shares of the transportation company’s stock worth $223,356,000 after purchasing an additional 117,340 shares during the period. Douglass Winthrop Advisors LLC grew its stake in shares of Canadian National Railway by 1.5% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 568,985 shares of the transportation company’s stock worth $51,095,000 after purchasing an additional 8,683 shares during the period. Ontario Teachers Pension Plan Board grew its stake in shares of Canadian National Railway by 259.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 238,557 shares of the transportation company’s stock worth $19,513,000 after purchasing an additional 172,221 shares during the period. Bridgewater Associates LP grew its stake in shares of Canadian National Railway by 271.9% during the 2nd quarter. Bridgewater Associates LP now owns 301,682 shares of the transportation company’s stock worth $24,661,000 after purchasing an additional 220,570 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Canadian National Railway by 108.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 31,279 shares of the transportation company’s stock worth $1,999,000 after purchasing an additional 16,239 shares during the period. 53.99% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on CNI shares. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Tuesday, September 25th. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Wednesday, October 10th. Deutsche Bank upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $81.00 to $95.00 in a research report on Monday, July 9th. BMO Capital Markets lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 5th. They noted that the move was a valuation call. Finally, Loop Capital reiterated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 25th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $91.98.

Shares of NYSE CNI traded down $1.34 on Thursday, reaching $83.73. 106,161 shares of the company traded hands, compared to its average volume of 1,235,928. Canadian National Railway has a fifty-two week low of $70.59 and a fifty-two week high of $91.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.64 and a quick ratio of 0.52. The company has a market cap of $65.79 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.26 and a beta of 1.03.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 24th. The transportation company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.46. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the company posted $1.34 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Canadian National Railway will post 4.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 7th were given a dividend of $0.3429 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Thursday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 35.94%.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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

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