Applied Capital LLC FL Buys New Shares in Canadian National Railway (NYSE:CNI)

Applied Capital LLC FL purchased a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 1st quarter, HoldingsChannel reports. The fund purchased 2,220 shares of the transportation company’s stock, valued at approximately $292,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. Keener Financial Planning LLC purchased a new position in Canadian National Railway in the fourth quarter valued at about $46,000. Knuff & Co LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $50,000. ICA Group Wealth Management LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $56,000. Finally, Partnership Wealth Management LLC purchased a new stake in Canadian National Railway during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.88 during mid-day trading on Tuesday, hitting $117.57. The company’s stock had a trading volume of 787,257 shares, compared to its average volume of 1,065,409. The stock’s 50-day moving average is $123.63 and its two-hundred day moving average is $126.22. The firm has a market capitalization of $74.60 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 2.07 and a beta of 0.89. 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 one year low of $103.96 and a one year high of $134.02.

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

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.625 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.13%. Canadian National Railway’s payout ratio is 39.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Susquehanna lowered their price objective on Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. Stifel Nicolaus upped their price target on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $140.00 price objective on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $148.95.

Canadian National Railway 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.