2,423 Shares in Canadian National Railway (NYSE:CNI) Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,423 shares of the transportation company’s stock, valued at approximately $304,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Keener Financial Planning LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $46,000. Knuff & Co LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $50,000. ICA Group Wealth Management LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $56,000. Partnership Wealth Management LLC bought a new stake in Canadian National Railway during the 4th quarter worth approximately $65,000. Finally, Northwest Financial Advisors bought a new stake in Canadian National Railway during the 4th quarter worth approximately $71,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.9 %

Shares of NYSE CNI traded down $1.12 during mid-day trading on Monday, hitting $120.72. 945,272 shares of the stock traded hands, compared to its average volume of 994,702. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a market cap of $76.60 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.14 and a beta of 0.90. The stock has a fifty day moving average price of $126.00 and a 200-day moving average price of $126.25.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Research analysts anticipate that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is 39.08%.

Analyst Ratings Changes

A number of research firms have recently commented on CNI. Barclays upped their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Jefferies Financial Group started coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 target price on the stock. Susquehanna increased their target price on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company started coverage on shares of Canadian National Railway in a research note on Friday, June 7th. They set an “equal weight” rating and a $130.00 target price on the stock. Eighteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $149.32.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.