Ycg LLC Purchases 37,980 Shares of Canadian National Railway (NYSE:CNI)

Ycg LLC grew its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 14.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 294,826 shares of the transportation company’s stock after acquiring an additional 37,980 shares during the quarter. Canadian National Railway comprises approximately 2.7% of Ycg LLC’s holdings, making the stock its 18th largest holding. Ycg LLC’s holdings in Canadian National Railway were worth $34,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNI. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Canadian National Railway in the second quarter worth $26,000. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 159.1% during 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 period. Fortitude Family Office LLC increased its stake in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the period. ORG Partners LLC purchased a new position in shares of Canadian National Railway during the second quarter valued at $34,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway during the third quarter valued at $41,000. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. The Goldman Sachs Group cut their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Susquehanna cut their target price on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Bank of America downgraded Canadian National Railway from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Price Performance

CNI stock traded down $2.54 on Friday, reaching $110.80. 1,018,526 shares of the company’s stock were exchanged, compared to its average volume of 1,331,493. The stock has a fifty day moving average of $114.71 and a 200-day moving average of $118.15. Canadian National Railway has a twelve month low of $107.54 and a twelve month high of $134.02. The firm has a market cap of $69.67 billion, a PE ratio of 17.76, a P/E/G ratio of 2.49 and a beta of 0.89. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. As a group, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.21%. Canadian National Railway’s dividend payout ratio is currently 39.26%.

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.