CLARET ASSET MANAGEMENT Corp decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 40.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,011 shares of the transportation company’s stock after selling 5,539 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Canadian National Railway were worth $720,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC bought a new position in Canadian National Railway in the 2nd quarter worth about $34,000. CWM LLC grew its position in Canadian National Railway by 96.0% in the 2nd quarter. CWM LLC now owns 437 shares of the transportation company’s stock worth $40,000 after purchasing an additional 214 shares during the last quarter. Griffin Asset Management Inc. bought a new position in Canadian National Railway in the 2nd quarter worth about $46,000. Advisory Alpha LLC bought a new position in Canadian National Railway in the 1st quarter worth about $50,000. Finally, Parallel Advisors LLC grew its position in Canadian National Railway by 42.8% in the 2nd quarter. Parallel Advisors LLC now owns 601 shares of the transportation company’s stock worth $56,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 53.09% of the company’s stock.
Several research analysts have commented on CNI shares. Credit Suisse Group upped their target price on shares of Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Goldman Sachs Group assumed coverage on shares of Canadian National Railway in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $97.00 price target for the company. Stephens lowered shares of Canadian National Railway from an “overweight” rating to an “equal” rating and reduced their price target for the stock from $100.00 to $97.00 in a research note on Tuesday, October 1st. Raymond James lowered shares of Canadian National Railway from an “outperform” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Scotiabank lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 2nd. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $101.86.
CNI stock traded up $1.69 on Friday, hitting $87.16. 437,737 shares of the company’s stock traded hands, compared to its average volume of 897,092. Canadian National Railway has a 1-year low of $70.36 and a 1-year high of $96.49. The stock has a market cap of $60.38 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.70 and a beta of 1.01. The stock has a fifty day moving average of $89.91 and a 200-day moving average of $91.66. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.94 billion. During the same period in the prior year, the business earned $1.51 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Canadian National Railway will post 4.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 9th were paid a dividend of $0.411 per share. The ex-dividend date of this dividend was Friday, September 6th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 1.89%. Canadian National Railway’s dividend payout ratio is currently 39.18%.
Canadian National Railway Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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