Canadian National Railway (NYSE:CNI) Position Boosted by Regentatlantic Capital LLC

Regentatlantic Capital LLC lifted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,746 shares of the transportation company’s stock after buying an additional 120 shares during the quarter. Regentatlantic Capital LLC’s holdings in Canadian National Railway were worth $439,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CNI. Tortoise Investment Management LLC acquired a new stake in Canadian National Railway during the first quarter worth about $36,000. Brand Asset Management Group Inc. acquired a new stake in Canadian National Railway during the first quarter worth about $36,000. Somerset Trust Co raised its stake in Canadian National Railway by 158.6% during the first quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock worth $39,000 after acquiring an additional 268 shares during the period. Icon Wealth Partners LLC acquired a new stake in Canadian National Railway during the first quarter worth about $41,000. Finally, Advisory Alpha LLC acquired a new stake in Canadian National Railway during the first quarter worth about $50,000. 54.52% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on CNI shares. BMO Capital Markets upgraded shares of Canadian National Railway to a “market perform” rating and set a $125.00 price objective on the stock in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Royal Bank of Canada lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 price objective on the stock. in a research note on Tuesday, April 30th. Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Credit Suisse Group increased their price objective on shares of Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Finally, Desjardins lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $90.32 price objective on the stock. in a research note on Friday, April 12th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $98.78.

Shares of NYSE:CNI traded down $0.29 during trading hours on Monday, hitting $92.74. The stock had a trading volume of 20,027 shares, compared to its average volume of 818,499. The firm has a fifty day moving average price of $93.24. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $96.49. The firm has a market capitalization of $66.06 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.69 and a quick ratio of 0.54.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the business earned $1.51 earnings per share. Canadian National Railway’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian National Railway will post 4.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be paid a $0.411 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.64 annualized dividend and a dividend yield of 1.77%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.40. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.94%.

Canadian National Railway Company Profile

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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