Canadian National Railway (NYSE:CNI) Shares Acquired by Nia Impact Advisors LLC

Nia Impact Advisors LLC increased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,608 shares of the transportation company’s stock after acquiring an additional 762 shares during the quarter. Nia Impact Advisors LLC’s holdings in Canadian National Railway were worth $2,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth about $26,000. GAMMA Investing LLC increased its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares during the period. Addison Advisors LLC lifted its stake in Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Canadian National Railway in the second quarter valued at approximately $34,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Canadian National Railway in the first quarter valued at approximately $64,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of CNI opened at $118.77 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The company has a 50-day simple moving average of $116.19 and a 200-day simple moving average of $122.55. The company has a market capitalization of $74.79 billion, a PE ratio of 18.94, a P/E/G ratio of 2.54 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities research analysts predict that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a dividend of $0.614 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.07%. Canadian National Railway’s dividend payout ratio is presently 39.08%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America decreased their price target on shares of Canadian National Railway from $132.00 to $129.00 and set a “buy” rating for the company in a research note on Wednesday. Sanford C. Bernstein lowered Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $146.25 to $130.67 in a report on Monday, July 8th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Barclays decreased their price objective on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Sixteen analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $137.35.

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.