ROI Financial Advisors LLC Raises Position in Canadian National Railway (NYSE:CNI)

ROI Financial Advisors LLC boosted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,306 shares of the transportation company’s stock after acquiring an additional 865 shares during the quarter. Canadian National Railway accounts for approximately 1.3% of ROI Financial Advisors LLC’s holdings, making the stock its 20th largest position. ROI Financial Advisors LLC’s holdings in Canadian National Railway were worth $1,910,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its holdings in shares of Canadian National Railway by 92.4% during the first quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock valued at $593,911,000 after purchasing an additional 2,163,820 shares during the last quarter. Capital International Investors raised its stake in Canadian National Railway by 18.1% during the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after buying an additional 1,379,976 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Canadian National Railway by 4,614.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock worth $157,896,000 after buying an additional 1,307,689 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Canadian National Railway in the 2nd quarter worth $134,096,000. Finally, 1832 Asset Management L.P. grew its holdings in shares of Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after acquiring an additional 674,536 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 0.1 %

NYSE CNI opened at $111.43 on Thursday. The company’s 50-day simple moving average is $114.46 and its two-hundred day simple moving average is $117.93. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $70.07 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.52 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.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for 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%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. Equities analysts forecast that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s payout ratio is 39.26%.

Analysts Set New Price Targets

CNI has been the subject of several research reports. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $130.00 in a research report on Tuesday. Stephens reiterated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, Barclays increased their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average target price of $125.48.

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.