Ycg LLC Has $27.52 Million Stock Holdings in Canadian National Railway Company $CNI

Ycg LLC grew its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,786 shares of the transportation company’s stock after buying an additional 8,026 shares during the quarter. Canadian National Railway accounts for about 2.1% of Ycg LLC’s holdings, making the stock its 21st biggest position. Ycg LLC’s holdings in Canadian National Railway were worth $27,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNI. Vanguard Group Inc. boosted its stake in Canadian National Railway by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 23,927,393 shares of the transportation company’s stock valued at $2,493,163,000 after purchasing an additional 761,454 shares during the last quarter. TD Asset Management Inc boosted its position in shares of Canadian National Railway by 2.3% during the second quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock valued at $1,255,385,000 after buying an additional 273,974 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Canadian National Railway by 26.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company’s stock worth $695,048,000 after buying an additional 1,408,978 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Canadian National Railway by 20.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,296,828 shares of the transportation company’s stock worth $655,768,000 after buying an additional 1,051,977 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in Canadian National Railway by 6.0% during the 2nd quarter. Fiera Capital Corp now owns 5,800,583 shares of the transportation company’s stock valued at $604,025,000 after acquiring an additional 330,901 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.9%

Shares of CNI stock opened at $100.09 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 0.92. The firm has a market cap of $61.50 billion, a P/E ratio of 18.99, a PEG ratio of 2.07 and a beta of 0.96. The company has a 50 day moving average of $97.23 and a 200-day moving average of $96.62. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $108.75.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $4.15 billion. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.Canadian National Railway’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.72 earnings per share. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th were paid a $0.8875 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $3.55 dividend on an annualized basis and a yield of 3.5%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.01%.

Analyst Upgrades and Downgrades

CNI has been the subject of several recent analyst reports. Citigroup reduced their target price on shares of Canadian National Railway from $120.00 to $119.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Bank of America reduced their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Susquehanna lifted their price target on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.64.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.