Canadian National Railway Company $CNI is Louisbourg Investments Inc.’s Largest Position

Louisbourg Investments Inc. raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 292,414 shares of the transportation company’s stock after buying an additional 3,295 shares during the quarter. Canadian National Railway makes up approximately 6.6% of Louisbourg Investments Inc.’s portfolio, making the stock its biggest position. Louisbourg Investments Inc.’s holdings in Canadian National Railway were worth $30,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new stake in Canadian National Railway in the first quarter valued at approximately $32,000. CX Institutional purchased a new stake in Canadian National Railway in the first quarter valued at approximately $39,000. Brooklyn Investment Group lifted its stake in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after buying an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after buying an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after buying an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 1.0%

NYSE:CNI opened at $94.51 on Friday. The stock has a fifty day moving average price of $94.54 and a two-hundred day moving average price of $98.95. The stock has a market capitalization of $58.67 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $116.79.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were issued a $0.6507 dividend. This represents a $2.60 annualized dividend and a yield of 2.8%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s dividend payout ratio is currently 50.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CNI shares. Citigroup cut their price target on Canadian National Railway from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, July 9th. Raymond James Financial upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Bank of America cut their price target on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Susquehanna cut their price target on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.30.

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.