Lombard Odier Asset Management USA Corp Takes $1.76 Million Position in Canadian National Railway Company $CNI

Lombard Odier Asset Management USA Corp purchased a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,847 shares of the transportation company’s stock, valued at approximately $1,764,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. High Point Wealth Management LLC acquired a new position in shares of Canadian National Railway during the 4th quarter valued at about $27,000. Curio Wealth LLC acquired a new position in shares of Canadian National Railway during the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 280 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Canadian National Railway during the 4th quarter valued at about $39,000. Finally, Fulcrum Asset Management LLP acquired a new position in Canadian National Railway in the third quarter valued at about $51,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup upped their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings cut shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Barclays upped their target price on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research report on Tuesday, June 9th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $122.04.

Canadian National Railway Trading Up 0.2%

NYSE CNI opened at $117.75 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The stock has a market capitalization of $71.44 billion, a P/E ratio of 21.41, a PEG ratio of 2.25 and a beta of 0.96. The firm’s 50-day moving average is $113.86 and its two-hundred day moving average is $105.98. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 earnings per share. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is currently 48.55%.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.