Canadian National Railway (NYSE:CNI) Stock Position Raised by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,788 shares of the transportation company’s stock after buying an additional 157 shares during the quarter. Bleakley Financial Group LLC’s holdings in Canadian National Railway were worth $795,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Canadian National Railway in the second quarter worth approximately $26,000. GAMMA Investing LLC increased its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares during the last quarter. Addison Advisors LLC raised its holdings in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Canadian National Railway in the second quarter worth about $34,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Canadian National Railway during the 1st quarter worth about $64,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $113.62 on Monday. The firm has a market cap of $71.56 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88. The firm’s 50-day simple moving average is $115.94 and its 200-day simple moving average is $120.02. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data 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 net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, research analysts expect that Canadian National Railway will post 5.5 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a dividend of $0.614 per share. The ex-dividend date was Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.16%. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Evercore ISI decreased their price objective on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating for the company in a report on Wednesday, September 25th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Sanford C. Bernstein cut their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $126.02.

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.