Canadian National Railway Company $CNI Shares Purchased by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 17.2% during the second quarter, Holdings Channel.com reports. The fund owned 6,019 shares of the transportation company’s stock after purchasing an additional 885 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Canadian National Railway were worth $626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Founders Capital Management LLC purchased a new position in Canadian National Railway in the 2nd quarter valued at $3,335,000. Goldman Sachs Group Inc. lifted its holdings in Canadian National Railway by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock valued at $259,694,000 after purchasing an additional 755,518 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 171 shares in the last quarter. Cardinal Capital Management Inc. lifted its holdings in Canadian National Railway by 3.1% in the 2nd quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock valued at $76,178,000 after purchasing an additional 22,035 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Canadian National Railway by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company’s stock valued at $9,185,000 after purchasing an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays decreased their price objective on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Susquehanna reduced their price target on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. Raymond James Financial upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th. Argus upgraded Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Finally, National Bank Financial lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.30.

Canadian National Railway Stock Down 1.0%

Shares of CNI opened at $94.51 on Friday. The firm has a market cap of $58.67 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $116.79. The company’s 50-day moving average price is $94.54 and its 200 day moving average price is $98.94. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 earnings per share. On average, sell-side analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were issued a $0.6507 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. This represents a $2.60 annualized dividend and a yield of 2.8%. Canadian National Railway’s payout ratio is presently 50.19%.

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.