Canadian National Railway (NYSE:CNI) Shares Acquired by Ycg LLC

Ycg LLC increased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 14.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 294,826 shares of the transportation company’s stock after purchasing an additional 37,980 shares during the quarter. Canadian National Railway comprises about 2.7% of Ycg LLC’s holdings, making the stock its 18th largest position. Ycg LLC’s holdings in Canadian National Railway were worth $34,539,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway in the second quarter valued at about $26,000. Addison Advisors LLC grew its stake in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Fortitude Family Office LLC grew its stake in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. ORG Partners LLC acquired a new stake in Canadian National Railway during the 2nd quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC acquired a new stake in Canadian National Railway during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI lowered their price objective on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their price target on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. The Goldman Sachs Group dropped their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Finally, Stephens reissued an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average target price of $125.18.

Canadian National Railway Stock Performance

Shares of CNI stock traded down $2.54 during mid-day trading on Friday, reaching $110.80. The stock had a trading volume of 1,018,526 shares, compared to its average volume of 1,331,493. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a market cap of $69.67 billion, a PE ratio of 17.76, a P/E/G ratio of 2.49 and a beta of 0.89. Canadian National Railway has a one year low of $107.54 and a one year high of $134.02. The firm’s 50 day simple moving average is $114.71 and its 200 day simple moving average is $118.15.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. On average, analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.21%. Canadian National Railway’s payout ratio is 39.26%.

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.