Ycg LLC Acquires 244 Shares of Canadian National Railway (NYSE:CNI)

Ycg LLC raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 250,329 shares of the transportation company’s stock after acquiring an additional 244 shares during the quarter. Canadian National Railway makes up about 2.6% of Ycg LLC’s investment portfolio, making the stock its 20th biggest position. Ycg LLC’s holdings in Canadian National Railway were worth $32,872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CNI. Vanguard Group Inc. increased its holdings in shares of Canadian National Railway by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after purchasing an additional 387,975 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Canadian National Railway by 9.6% during the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after acquiring an additional 1,907,938 shares in the last quarter. FIL Ltd raised its holdings in shares of Canadian National Railway by 7.2% during the 4th quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock worth $2,412,032,000 after acquiring an additional 1,280,726 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Canadian National Railway by 2.8% during the 4th quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock worth $1,471,733,000 after acquiring an additional 314,600 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Canadian National Railway by 0.7% during the 4th quarter. 1832 Asset Management L.P. now owns 8,785,479 shares of the transportation company’s stock worth $1,103,720,000 after acquiring an additional 61,752 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.81 during mid-day trading on Friday, reaching $120.22. The stock had a trading volume of 836,870 shares, compared to its average volume of 1,067,088. The business’s fifty day moving average is $122.70 and its 200-day moving average is $125.92. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The firm has a market cap of $76.28 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.24 and a beta of 0.89. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. On average, research analysts forecast that Canadian National Railway will post 5.86 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.08%. The ex-dividend date was Friday, June 7th. Canadian National Railway’s payout ratio is currently 39.55%.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent research reports. Sanford C. Bernstein cut Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $146.25 to $130.67 in a report on Monday. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. StockNews.com downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Stifel Nicolaus boosted their target price on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Eighteen investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.03.

Canadian National Railway 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.