Northeast Investment Management Has $236,000 Position in Canadian National Railway Company $CNI

Northeast Investment Management lowered its position in Canadian National Railway Company (NYSE:CNIFree Report) (TSE:CNR) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,270 shares of the transportation company’s stock after selling 181 shares during the quarter. Northeast Investment Management’s holdings in Canadian National Railway were worth $236,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dagco Inc. bought a new stake in Canadian National Railway in the first quarter valued at approximately $32,000. Brooklyn Investment Group boosted its holdings in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 167 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 171 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian National Railway in the first quarter valued at approximately $74,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

Shares of CNI opened at $95.69 on Monday. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $114.99. The business’s fifty day moving average is $94.79 and its 200 day moving average is $98.85. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock has a market cap of $59.21 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.17 and a beta of 0.96.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last issued 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 return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. Canadian National Railway’s revenue for the quarter was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were issued 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 an increase from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio (DPR) is 50.19%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CNI. Susquehanna reduced their target price on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI cut Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target on the stock. in a report on Wednesday, July 23rd. Argus upgraded Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Finally, National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.90.

Check Out Our Latest Analysis on CNI

Canadian National Railway Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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