Aviso Financial Inc. Grows Position in Canadian National Railway Company $CNI

Aviso Financial Inc. lifted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,692 shares of the transportation company’s stock after purchasing an additional 8,591 shares during the quarter. Aviso Financial Inc.’s holdings in Canadian National Railway were worth $17,325,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in Canadian National Railway during the first quarter worth $311,000. Focus Partners Wealth boosted its stake in shares of Canadian National Railway by 11.1% during the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after acquiring an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $202,000. Brighton Jones LLC purchased a new position in shares of Canadian National Railway in the 2nd quarter valued at about $236,000. Finally, Arkadios Wealth Advisors increased its stake in shares of Canadian National Railway by 25.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,046 shares of the transportation company’s stock valued at $421,000 after purchasing an additional 833 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 1.8%

NYSE CNI opened at $112.20 on Friday. The business has a fifty day moving average price of $101.80 and a 200 day moving average price of $97.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. The company has a market cap of $68.79 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.36 and a beta of 0.94. Canadian National Railway Company has a one year low of $90.74 and a one year high of $112.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Research analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $3.66 annualized dividend and a yield of 3.3%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio is currently 46.59%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CNI shares. Barclays lowered their price target on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Evercore decreased their target price on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research report on Monday, February 2nd. Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway Profile

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.