Canadian National Railway Company $CNI Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 157.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,697 shares of the transportation company’s stock after acquiring an additional 48,725 shares during the period. Hillsdale Investment Management Inc.’s holdings in Canadian National Railway were worth $7,896,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CNI. Lazard Asset Management LLC boosted its position in shares of Canadian National Railway by 639,137.0% in the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after acquiring an additional 8,954,310 shares during the last quarter. Troy Asset Management Ltd boosted its position in shares of Canadian National Railway by 158.8% in the third quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock worth $258,220,000 after acquiring an additional 1,680,223 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of Canadian National Railway by 1,693.5% in the third quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock worth $164,043,000 after acquiring an additional 1,642,700 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Canadian National Railway by 52.0% in the third quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock worth $257,814,000 after acquiring an additional 935,425 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in shares of Canadian National Railway by 11.6% in the third quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock worth $610,076,000 after acquiring an additional 671,127 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 0.2%

NYSE CNI opened at $118.54 on Friday. Canadian National Railway Company has a one year low of $90.74 and a one year high of $119.87. The company’s 50 day moving average price is $109.59 and its 200 day moving average price is $103.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market capitalization of $72.04 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.27 and a beta of 0.95.

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

Canadian National Railway Dividend Announcement

The firm 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 dividend payout ratio (DPR) is presently 48.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Citigroup raised their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Evercore decreased their target price on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research report on Monday, February 2nd. Stephens cut their price target on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average target price of $122.04.

Canadian National Railway 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.