Greenland Capital Management LP Takes Position in Canadian National Railway Company $CNI

Greenland Capital Management LP purchased a new position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 9,719 shares of the transportation company’s stock, valued at approximately $1,011,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Addison Advisors LLC raised its holdings in Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Canadian National Railway during the first quarter valued at about $32,000. Curio Wealth LLC boosted its holdings in shares of Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after buying an additional 316 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after buying an additional 333 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE CNI opened at $93.54 on Thursday. The firm has a market capitalization of $57.67 billion, a P/E ratio of 17.99, a PEG ratio of 2.13 and a beta of 0.95. The stock has a 50-day simple moving average of $94.90 and a two-hundred day simple moving average of $98.50. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $112.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $1.72 earnings per share. Canadian National Railway’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be issued a $0.8875 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a yield of 3.8%. Canadian National Railway’s dividend payout ratio is presently 48.01%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNI. National Bank Financial lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price target on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Barclays dropped their price target on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Finally, Zacks Research cut shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average price target of $114.00.

About Canadian National Railway

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.