Sage Capital Advisors llc Purchases Shares of 11,105 Canadian National Railway (NYSE:CNI)

Sage Capital Advisors llc acquired a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,105 shares of the transportation company’s stock, valued at approximately $1,301,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Advisor Networks LLC increased its stake in Canadian National Railway by 13.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 34,798 shares of the transportation company’s stock valued at $4,372,000 after buying an additional 4,165 shares during the last quarter. Evercore Wealth Management LLC purchased a new position in shares of Canadian National Railway in the 4th quarter worth about $258,000. Sei Investments Co. grew its position in Canadian National Railway by 3.0% during the fourth quarter. Sei Investments Co. now owns 366,740 shares of the transportation company’s stock valued at $46,074,000 after buying an additional 10,689 shares during the period. Verition Fund Management LLC increased its holdings in Canadian National Railway by 123.3% during the fourth quarter. Verition Fund Management LLC now owns 57,252 shares of the transportation company’s stock worth $7,193,000 after buying an additional 31,613 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT raised its position in Canadian National Railway by 7.1% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 474,586 shares of the transportation company’s stock worth $59,622,000 after acquiring an additional 31,477 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNI has been the subject of a number of research reports. Susquehanna reduced their target price on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price for the company in a research report on Monday. Stephens dropped their price target on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Sanford C. Bernstein lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Finally, Bank of America downgraded shares of Canadian National Railway from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Sixteen investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $129.51.

Canadian National Railway Stock Up 0.3 %

CNI opened at $113.44 on Wednesday. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $115.50 and its 200-day moving average price is $121.05. The company has a market cap of $71.44 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.41 and a beta of 0.88.

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

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.614 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s payout ratio is 39.08%.

Canadian National Railway 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.