Nykredit A S Takes Position in Canadian National Railway Company $CNI

Nykredit A S acquired a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 202,712 shares of the transportation company’s stock, valued at approximately $24,183,000.

A number of other hedge funds have also recently bought and sold shares of CNI. AQR Capital Management LLC acquired a new stake in shares of Canadian National Railway during the first quarter worth $311,000. Focus Partners Wealth increased its stake in Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Canadian National Railway in the second quarter valued at $202,000. EverSource Wealth Advisors LLC lifted its position in Canadian National Railway by 52.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after buying an additional 383 shares during the period. Finally, Baird Financial Group Inc. lifted its position in Canadian National Railway by 2.9% during the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after buying an additional 474 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $123.13 on Friday. The business’s fifty day moving average price is $125.68 and its 200 day moving average price is $116.12. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $131.55. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $74.51 billion, a P/E ratio of 21.83, a PEG ratio of 2.17 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.87 earnings per share. As a group, research analysts anticipate that Canadian National Railway Company will post 5.82 earnings per share for the current year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. Canadian National Railway’s payout ratio is presently 47.34%.

Analyst Upgrades and Downgrades

Several research firms have commented on CNI. Bank of America lifted their price target on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Stephens upgraded shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Citigroup boosted their target price on shares of Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Citizens Jmp began coverage on shares of Canadian National Railway in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.40.

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.