Reflection Asset Management Invests $1.59 Million in Canadian National Railway Company $CNI

Reflection Asset Management bought a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 16,106 shares of the transportation company’s stock, valued at approximately $1,592,000. Canadian National Railway accounts for about 1.1% of Reflection Asset Management’s investment portfolio, making the stock its 21st largest position.

A number of other large investors have also modified their holdings of the business. High Point Wealth Management LLC acquired a new position in Canadian National Railway during the fourth quarter worth $27,000. Curio Wealth LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at $31,000. MidFirst Bank acquired a new stake in Canadian National Railway in the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after purchasing an additional 280 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Canadian National Railway during the 4th quarter worth $39,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 0.0%

Shares of CNI stock opened at $113.42 on Friday. The firm’s 50-day simple moving average is $114.30 and its 200-day simple moving average is $106.30. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $122.48. The firm has a market cap of $68.81 billion, a P/E ratio of 20.62, a PEG ratio of 2.17 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. As a group, equities analysts forecast that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s payout ratio is presently 48.55%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a report on Tuesday, June 9th. Finally, Sanford C. Bernstein lifted their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $122.04.

About Canadian National Railway

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.