Canadian National Railway (CNI) Position Increased by Private Capital Advisors Inc.

Private Capital Advisors Inc. lifted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,085 shares of the transportation company’s stock after purchasing an additional 3,360 shares during the period. Canadian National Railway makes up 1.6% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. Private Capital Advisors Inc.’s holdings in Canadian National Railway were worth $4,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jag Capital Management LLC grew its holdings in shares of Canadian National Railway by 2.7% during the second quarter. Jag Capital Management LLC now owns 23,005 shares of the transportation company’s stock worth $1,881,000 after buying an additional 603 shares in the last quarter. Thomas White International Ltd. grew its holdings in shares of Canadian National Railway by 1.2% during the second quarter. Thomas White International Ltd. now owns 54,707 shares of the transportation company’s stock worth $4,472,000 after buying an additional 622 shares in the last quarter. Windward Capital Management Co. CA grew its holdings in shares of Canadian National Railway by 0.3% during the second quarter. Windward Capital Management Co. CA now owns 235,649 shares of the transportation company’s stock worth $19,264,000 after buying an additional 672 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Canadian National Railway by 30.8% during the second quarter. SRS Capital Advisors Inc. now owns 2,929 shares of the transportation company’s stock worth $239,000 after buying an additional 690 shares in the last quarter. Finally, JLB & Associates Inc. grew its holdings in shares of Canadian National Railway by 0.8% during the second quarter. JLB & Associates Inc. now owns 86,610 shares of the transportation company’s stock worth $7,080,000 after buying an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 53.99% of the company’s stock.

A number of research firms recently issued reports on CNI. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, September 25th. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Wednesday. Deutsche Bank upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and boosted their target price for the company from $81.00 to $95.00 in a report on Monday, July 9th. BMO Capital Markets downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 5th. They noted that the move was a valuation call. Finally, Loop Capital restated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Canadian National Railway currently has a consensus rating of “Buy” and a consensus price target of $91.98.

Canadian National Railway stock traded up $0.52 during trading on Friday, reaching $84.81. The company had a trading volume of 1,538,900 shares, compared to its average volume of 1,230,812. Canadian National Railway has a 12-month low of $70.59 and a 12-month high of $91.90. The company has a market cap of $65.79 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.26 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 24th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.46. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.57 billion. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. Canadian National Railway’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 earnings per share. Sell-side analysts predict that Canadian National Railway will post 4.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 7th were given a dividend of $0.3429 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.37 dividend on an annualized basis and a yield of 1.62%. Canadian National Railway’s dividend payout ratio (DPR) is 35.94%.

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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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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