Graham Capital Management L.P. Acquires 56,231 Shares of Canadian National Railway Company $CNI

Graham Capital Management L.P. lifted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1,541.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,880 shares of the transportation company’s stock after acquiring an additional 56,231 shares during the quarter. Graham Capital Management L.P.’s holdings in Canadian National Railway were worth $5,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Minot DeBlois Advisors LLC raised its holdings in shares of Canadian National Railway by 2.0% during the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 103 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Canadian National Railway by 19.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 103 shares in the last quarter. Tacita Capital Inc raised its holdings in shares of Canadian National Railway by 0.6% during the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock valued at $1,960,000 after acquiring an additional 109 shares in the last quarter. Roberts Glore & Co. Inc. IL raised its holdings in shares of Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 110 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 10.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price objective on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Canadian Imperial Bank of Commerce increased their price objective on Canadian National Railway from C$164.00 to C$182.00 and gave the stock an “outperformer” rating in a report on Tuesday, June 9th. Citigroup increased their price objective on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $122.00 in a report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average price target of $122.04.

Canadian National Railway Price Performance

CNI opened at $117.75 on Wednesday. The stock has a fifty day simple moving average of $113.86 and a two-hundred day simple moving average of $105.98. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market cap of $71.44 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 earnings per share. Research analysts predict that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is currently 48.55%.

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.