Ycg LLC Acquires 8,026 Shares of Canadian National Railway Company $CNI

Ycg LLC boosted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.8% in the third quarter, Holdings Channel reports. The institutional investor owned 291,786 shares of the transportation company’s stock after acquiring an additional 8,026 shares during the quarter. Canadian National Railway accounts for approximately 2.1% of Ycg LLC’s investment portfolio, making the stock its 21st biggest holding. Ycg LLC’s holdings in Canadian National Railway were worth $27,515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CNI. Addison Advisors LLC grew its position in shares of Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares in the last quarter. Curio Wealth LLC boosted its stake in Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares during the period. First Horizon Corp purchased a new position in Canadian National Railway during the 3rd quarter valued at about $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Canadian National Railway during the third quarter valued at about $50,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. CIBC raised shares of Canadian National Railway from a “neutral” rating to an “outperformer” rating and raised their price target for the company from $146.00 to $151.00 in a report on Friday, November 28th. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Citigroup decreased their target price on Canadian National Railway from $120.00 to $119.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.64.

Canadian National Railway Stock Performance

NYSE CNI opened at $100.09 on Friday. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $108.75. The company has a fifty day moving average of $97.23 and a 200-day moving average of $96.62. The company has a market capitalization of $61.50 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the business posted $1.72 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th were paid a $0.8875 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, December 9th. Canadian National Railway’s payout ratio is currently 48.01%.

Canadian National Railway Profile

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.