Sargent Investment Group LLC Buys New Position in Canadian National Railway Company $CNI

Sargent Investment Group LLC purchased a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,290 shares of the transportation company’s stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lincluden Management Ltd. grew its position in Canadian National Railway by 4.1% during the third quarter. Lincluden Management Ltd. now owns 434,344 shares of the transportation company’s stock valued at $40,717,000 after acquiring an additional 17,257 shares during the last quarter. Kensington Investment Counsel LLC bought a new position in shares of Canadian National Railway in the third quarter worth approximately $3,079,000. Scharf Investments LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth approximately $8,283,000. CIBC Bancorp USA Inc. bought a new position in shares of Canadian National Railway in the third quarter worth approximately $32,174,000. Finally, Fisher Asset Management LLC grew its holdings in shares of Canadian National Railway by 10.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock worth $225,356,000 after purchasing an additional 216,963 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CNI shares. Canadian Imperial Bank of Commerce raised their target price on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the stock an “outperformer” rating in a report on Tuesday, June 9th. Sanford C. Bernstein raised their target price on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Weiss Ratings cut shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Barclays raised their target price on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $117.00 to $122.00 in a report on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $122.04.

Canadian National Railway Stock Performance

NYSE:CNI opened at $117.47 on Tuesday. The stock has a market cap of $71.27 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96. The firm’s fifty day simple moving average is $113.59 and its 200 day simple moving average is $105.82. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. As a group, research analysts predict that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.1%. Canadian National Railway’s payout ratio is 48.55%.

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.