Inspire Investing LLC Buys 139 Shares of Canadian National Railway (NYSE:CNI)

Inspire Investing LLC increased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,739 shares of the transportation company’s stock after buying an additional 139 shares during the period. Inspire Investing LLC’s holdings in Canadian National Railway were worth $2,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. XTX Topco Ltd increased its stake in shares of Canadian National Railway by 548.0% during the second quarter. XTX Topco Ltd now owns 10,854 shares of the transportation company’s stock valued at $1,282,000 after purchasing an additional 9,179 shares in the last quarter. JARISLOWSKY FRASER Ltd grew its holdings in shares of Canadian National Railway by 1.2% during the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock valued at $1,017,315,000 after buying an additional 99,716 shares during the last quarter. Sienna Gestion purchased a new stake in shares of Canadian National Railway during the second quarter valued at approximately $5,278,000. Seven Eight Capital LP purchased a new stake in shares of Canadian National Railway during the second quarter valued at approximately $1,873,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Canadian National Railway by 5.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,665 shares of the transportation company’s stock valued at $1,714,000 after buying an additional 709 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $117.00 on Thursday. The company’s 50-day moving average price is $116.30 and its 200-day moving average price is $122.31. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The company has a market cap of $73.68 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.56 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that Canadian National Railway will post 5.58 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.614 per share. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.10%. Canadian National Railway’s dividend payout ratio is presently 39.08%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNI. Barclays cut their price target on shares of Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Stephens dropped their target price on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Sixteen analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus price target of $137.35.

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.