Canadian National Railway Company $CNI Shares Newly Bought by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,311 shares of the transportation company’s stock, valued at approximately $1,226,000.

Other hedge funds have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC boosted its stake in Canadian National Railway by 2.0% in 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 during the last quarter. Grove Bank & Trust increased its stake in shares of Canadian National Railway by 20.4% during the 2nd quarter. Grove Bank & Trust now owns 673 shares of the transportation company’s stock worth $80,000 after purchasing an additional 114 shares during the last quarter. Ruggaard & Associates LLC increased its stake in shares of Canadian National Railway by 3.8% during the 4th quarter. Ruggaard & Associates LLC now owns 3,326 shares of the transportation company’s stock worth $329,000 after purchasing an additional 123 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Canadian National Railway by 5.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,840 shares of the transportation company’s stock worth $292,000 after purchasing an additional 136 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Canadian National Railway by 9.2% in the first quarter. Parallel Advisors LLC now owns 1,709 shares of the transportation company’s stock valued at $176,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI traded down $2.75 during midday trading on Wednesday, hitting $115.66. 975,191 shares of the company traded hands, compared to its average volume of 1,536,629. The stock has a 50-day moving average of $123.67 and a 200-day moving average of $118.12. Canadian National Railway Company has a one year low of $90.74 and a one year high of $131.55. The firm has a market cap of $69.87 billion, a P/E ratio of 20.51, a PEG ratio of 2.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $1.87 earnings per share. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.82 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th were paid a C$0.92 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 8th. Canadian National Railway’s payout ratio is currently 46.10%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Barclays upped their price objective on shares of Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Bank of America reduced their target price on shares of Canadian National Railway from $146.00 to $143.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Argus reissued a “hold” rating on shares of Canadian National Railway in a research report on Monday, August 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $137.49.

About Canadian National Railway

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight rail network in Canada and the United States. Its network connects the Atlantic, Pacific and Gulf coasts, serving ports, industrial centers, agricultural regions and major population markets.

CN transports a broad range of commodities and manufactured goods, including forest products, grain and fertilizers, coal, metals and minerals, petroleum and chemicals, automotive products, and consumer goods.