Canadian National Railway (NYSE:CNI) Position Increased by Promethos Capital LLC

Promethos Capital LLC lifted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,070 shares of the transportation company’s stock after acquiring an additional 144 shares during the period. Canadian National Railway comprises approximately 2.9% of Promethos Capital LLC’s holdings, making the stock its 12th largest position. Promethos Capital LLC’s holdings in Canadian National Railway were worth $7,725,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its position in Canadian National Railway by 6.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,021 shares of the transportation company’s stock worth $475,000 after acquiring an additional 247 shares during the period. Intech Investment Management LLC raised its holdings in shares of Canadian National Railway by 130.1% during the second quarter. Intech Investment Management LLC now owns 79,925 shares of the transportation company’s stock worth $9,443,000 after acquiring an additional 45,183 shares in the last quarter. Bristol Gate Capital Partners Inc. boosted its position in Canadian National Railway by 32.1% during the second quarter. Bristol Gate Capital Partners Inc. now owns 7,828 shares of the transportation company’s stock valued at $925,000 after purchasing an additional 1,904 shares during the last quarter. Inspire Investing LLC boosted its position in Canadian National Railway by 0.6% during the second quarter. Inspire Investing LLC now owns 21,739 shares of the transportation company’s stock valued at $2,569,000 after purchasing an additional 139 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in Canadian National Railway by 548.0% in 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. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 1.7 %

CNI opened at $118.99 on Friday. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The firm has a 50-day moving average price of $116.30 and a two-hundred day moving average price of $122.29. The stock has a market capitalization of $75.25 billion, a PE ratio of 18.98, a PEG ratio of 2.56 and a beta of 0.88. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.614 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.06%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.07%.

Analyst Ratings Changes

Several equities research analysts recently commented on CNI shares. Stephens lowered their price target on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Wells Fargo & Company decreased their target price on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company 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 dropped their price target for the stock from $146.25 to $130.67 in a research note on Monday, July 8th. Bank of America reduced their price objective on shares of Canadian National Railway from $132.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. Sixteen investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $137.35.

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.