Legacy Wealth Asset Management LLC Acquires 218 Shares of Canadian National Railway (NYSE:CNI)

Legacy Wealth Asset Management LLC raised its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,320 shares of the transportation company’s stock after acquiring an additional 218 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Canadian National Railway were worth $1,560,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNI. Sunbelt Securities Inc. increased its stake in Canadian National Railway by 6.6% in the 1st quarter. Sunbelt Securities Inc. now owns 3,161 shares of the transportation company’s stock worth $416,000 after buying an additional 197 shares during the period. Courier Capital LLC bought a new position in Canadian National Railway in the 1st quarter worth about $201,000. Grimes & Company Inc. increased its position in shares of Canadian National Railway by 11.7% during the first quarter. Grimes & Company Inc. now owns 2,931 shares of the transportation company’s stock worth $386,000 after acquiring an additional 308 shares during the period. D.B. Root & Company LLC raised its stake in shares of Canadian National Railway by 52.1% during the first quarter. D.B. Root & Company LLC now owns 2,955 shares of the transportation company’s stock valued at $389,000 after acquiring an additional 1,012 shares in the last quarter. Finally, LVW Advisors LLC boosted its holdings in shares of Canadian National Railway by 59.9% in the first quarter. LVW Advisors LLC now owns 4,696 shares of the transportation company’s stock valued at $619,000 after purchasing an additional 1,760 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday. Barclays lifted their price objective on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Citigroup boosted their price target on shares of Canadian National Railway from $125.00 to $126.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Stifel Nicolaus upped their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $125.18.

Canadian National Railway Trading Up 0.1 %

Shares of Canadian National Railway stock opened at $110.96 on Friday. The firm’s 50 day simple moving average is $115.97 and its two-hundred day simple moving average is $119.66. The firm has a market capitalization of $70.17 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.50 and a beta of 0.88. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $1.26 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. Analysts predict that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm 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 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is presently 39.71%.

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.