Nordwand Advisors LLC Has $1.11 Million Stock Holdings in Canadian National Railway Company $CNI

Nordwand Advisors LLC raised its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 154.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,725 shares of the transportation company’s stock after acquiring an additional 7,125 shares during the period. Nordwand Advisors LLC’s holdings in Canadian National Railway were worth $1,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Maryland State Retirement & Pension System grew its position in Canadian National Railway by 12.0% in the third quarter. Maryland State Retirement & Pension System now owns 58,426 shares of the transportation company’s stock valued at $5,508,000 after acquiring an additional 6,272 shares during the last quarter. Gold Investment Management Ltd. raised its stake in shares of Canadian National Railway by 4.9% during the third quarter. Gold Investment Management Ltd. now owns 53,492 shares of the transportation company’s stock valued at $5,045,000 after acquiring an additional 2,476 shares during the last quarter. Howland Capital Management LLC raised its position in Canadian National Railway by 23.0% during the 3rd quarter. Howland Capital Management LLC now owns 3,320 shares of the transportation company’s stock worth $313,000 after purchasing an additional 620 shares during the last quarter. Bfsg LLC lifted its stake in shares of Canadian National Railway by 8.5% in the third quarter. Bfsg LLC now owns 15,576 shares of the transportation company’s stock worth $1,469,000 after acquiring an additional 1,223 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Canadian National Railway by 100.5% in the 3rd quarter. QRG Capital Management Inc. now owns 4,362 shares of the transportation company’s stock worth $411,000 after purchasing an additional 2,186 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNI has been the topic of several recent analyst reports. Susquehanna boosted their price target on Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. Cibc Captl Mkts upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Evercore ISI upped their price objective on Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a research note on Monday, November 3rd. Finally, Barclays raised their price target on shares of Canadian National Railway from $97.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.64.

Canadian National Railway Trading Up 0.9%

NYSE CNI opened at $100.09 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 0.92. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $108.75. The stock has a 50-day moving average of $97.35 and a 200-day moving average of $96.45. The firm has a market cap of $61.50 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 earnings per share. As a group, sell-side analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th were given a $0.8875 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s payout ratio is presently 48.01%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.