Sequoia Financial Advisors LLC Purchases 2,448 Shares of Canadian National Railway Company $CNI

Sequoia Financial Advisors LLC lifted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 54.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,939 shares of the transportation company’s stock after purchasing an additional 2,448 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Canadian National Railway were worth $722,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dagco Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter worth about $32,000. Brooklyn Investment Group grew its holdings in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after purchasing an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Canadian National Railway by 42.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after purchasing an additional 167 shares during the last quarter. GAMMA Investing LLC lifted its position in Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after buying an additional 171 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in Canadian National Railway during the 1st quarter worth about $74,000. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup reduced their price target on shares of Canadian National Railway from $121.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. National Bank Financial downgraded shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target on the stock. in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.90.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $95.69 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $114.99. The company has a market cap of $59.21 billion, a PE ratio of 18.40, a PEG ratio of 2.17 and a beta of 0.96. The company’s 50-day moving average is $94.79 and its two-hundred day moving average is $98.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were given a $0.6507 dividend. The ex-dividend date was Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio is 50.19%.

About Canadian National Railway

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.