Canadian National Railway (NYSE:CNI) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,266 shares of the transportation company’s stock after acquiring an additional 844 shares during the quarter. Park Avenue Securities LLC’s holdings in Canadian National Railway were worth $1,347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNI. Pacifica Partners Inc. boosted its holdings in shares of Canadian National Railway by 9.8% during the fourth quarter. Pacifica Partners Inc. now owns 20,087 shares of the transportation company’s stock worth $2,042,000 after purchasing an additional 1,785 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Canadian National Railway in the 4th quarter worth about $228,000. Kwmg LLC grew its holdings in Canadian National Railway by 5.0% in the 4th quarter. Kwmg LLC now owns 53,777 shares of the transportation company’s stock valued at $5,459,000 after buying an additional 2,556 shares during the period. JCIC Asset Management Inc. increased its stake in shares of Canadian National Railway by 72.3% during the 4th quarter. JCIC Asset Management Inc. now owns 684 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 287 shares during the last quarter. Finally, QV Investors Inc. lifted its holdings in shares of Canadian National Railway by 66.7% during the 4th quarter. QV Investors Inc. now owns 439,661 shares of the transportation company’s stock worth $44,623,000 after acquiring an additional 175,938 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Stephens reaffirmed an “equal weight” rating and issued a $116.00 target price on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 10th. Finally, Sanford C. Bernstein dropped their price target on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $101.54 on Monday. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The company has a market capitalization of $63.85 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91. The firm’s fifty day moving average price is $105.44 and its 200 day moving average price is $111.87.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts forecast that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s payout ratio is currently 38.30%.

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.