SG Americas Securities LLC Boosts Stock Position in Canadian National Railway Company $CNI

SG Americas Securities LLC grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 574.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,374 shares of the transportation company’s stock after purchasing an additional 13,945 shares during the period. SG Americas Securities LLC’s holdings in Canadian National Railway were worth $1,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Canadian National Railway in the 1st quarter worth approximately $311,000. Focus Partners Wealth lifted its stake in Canadian National Railway by 11.1% during the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after acquiring an additional 1,146 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of Canadian National Railway in the 2nd quarter valued at $202,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Canadian National Railway by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after acquiring an additional 474 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $121.51 on Friday. The stock has a market capitalization of $73.72 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.25 and a beta of 0.96. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $122.48. The firm’s 50 day simple moving average is $115.76 and its 200-day simple moving average is $107.68. 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 (NYSE:CNI) (TSE:CNR) last posted its 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. 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 during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Analysts expect that Canadian National Railway Company will post 5.75 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $0.915 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.0%. Canadian National Railway’s payout ratio is presently 48.55%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CNI shares. 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 report on Thursday, April 30th. Barclays upped their price target on shares of Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Sanford C. Bernstein increased their price target on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Canadian Imperial Bank of Commerce increased their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings upgraded Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $126.12.

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.