Legacy Wealth Asset Management LLC Buys 371 Shares of Canadian National Railway (NYSE:CNI)

Legacy Wealth Asset Management LLC boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,090 shares of the transportation company’s stock after purchasing an additional 371 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Canadian National Railway were worth $1,592,000 as of its most recent SEC filing.

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

Canadian National Railway Trading Up 1.3 %

Shares of CNI stock traded up $1.51 on Thursday, hitting $119.09. 509,000 shares of the company’s stock traded hands, compared to its average volume of 1,491,614. The company’s fifty day simple moving average is $123.32 and its 200 day simple moving average is $126.15. The stock has a market capitalization of $75.56 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.01. The firm had revenue of $3.15 billion during 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%. Equities analysts forecast that Canadian National Railway will post 5.89 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.625 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.10%. Canadian National Railway’s payout ratio is 39.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CNI shares. Wells Fargo & Company initiated coverage on shares of Canadian National Railway in a report on Friday, June 7th. They set an “equal weight” rating and a $130.00 target price on the stock. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Susquehanna decreased their price target on Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, StockNews.com lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Eighteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average target price of $148.95.

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.