Marshall Financial Group LLC Boosts Holdings in Canadian National Railway (NYSE:CNI)

Marshall Financial Group LLC raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,373 shares of the transportation company’s stock after acquiring an additional 164 shares during the quarter. Marshall Financial Group LLC’s holdings in Canadian National Railway were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. 1832 Asset Management L.P. increased its holdings in Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after acquiring an additional 674,536 shares in the last quarter. Capital International Investors boosted its position in Canadian National Railway by 18.1% during the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock worth $1,185,647,000 after acquiring an additional 1,379,976 shares during the last quarter. JARISLOWSKY FRASER Ltd grew its stake in Canadian National Railway by 1.2% in the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock worth $1,017,315,000 after acquiring an additional 99,716 shares during the period. Fiera Capital Corp raised its holdings in Canadian National Railway by 13.3% in the 2nd quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company’s stock valued at $643,503,000 after acquiring an additional 638,817 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Canadian National Railway by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock worth $570,667,000 after purchasing an additional 120,453 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

NYSE:CNI opened at $114.42 on Friday. The company has a 50-day moving average of $115.89 and a 200-day moving average of $120.29. The company has a market capitalization of $72.06 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.56 and a beta of 0.88. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS. As a group, equities research analysts anticipate that Canadian National Railway will post 5.54 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s payout ratio is currently 39.26%.

Wall Street Analyst Weigh In

CNI has been the subject of several analyst reports. National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective on the stock in a report on Monday, October 7th. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Finally, Evercore ISI decreased their price objective on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating for the company in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of $126.02.

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.