Weybosset Research & Management LLC Has $8.89 Million Stock Holdings in Canadian National Railway Company $CNI

Weybosset Research & Management LLC grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.1% in the first quarter, Holdings Channel reports. The fund owned 86,467 shares of the transportation company’s stock after acquiring an additional 4,993 shares during the quarter. Canadian National Railway accounts for 2.6% of Weybosset Research & Management LLC’s portfolio, making the stock its 20th largest holding. Weybosset Research & Management LLC’s holdings in Canadian National Railway were worth $8,886,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. High Point Wealth Management LLC bought a new stake in Canadian National Railway in the 4th quarter valued at about $27,000. MidFirst Bank purchased a new stake in Canadian National Railway in the 4th quarter valued at about $31,000. Curio Wealth LLC purchased a new position in shares of Canadian National Railway in the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Canadian National Railway by 378.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 280 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $39,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CNI shares. Royal Bank Of Canada boosted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Weiss Ratings cut Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Citigroup boosted their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Barclays increased their price target on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $122.04.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $113.42 on Monday. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $122.48. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The business’s 50 day simple moving average is $114.30 and its 200 day simple moving average is $106.37. The company has a market cap of $68.81 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.17 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted $1.85 earnings per share. Sell-side analysts forecast that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.2%. Canadian National Railway’s dividend payout ratio is presently 48.55%.

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.