Sargent Investment Group LLC Acquires Shares of 4,290 Canadian National Railway Company $CNI

Sargent Investment Group LLC acquired a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,290 shares of the transportation company’s stock, valued at approximately $424,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CNI. AQR Capital Management LLC purchased a new position in Canadian National Railway during the first quarter valued at $311,000. Focus Partners Wealth lifted its position in Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after buying an additional 1,146 shares during the period. Schnieders Capital Management LLC. purchased a new position in Canadian National Railway during the second quarter valued at $202,000. EverSource Wealth Advisors LLC lifted its position in Canadian National Railway by 52.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after buying an additional 383 shares during the period. Finally, Baird Financial Group Inc. lifted its position in Canadian National Railway by 2.9% during the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after buying an additional 474 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CNI shares. Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research report on Tuesday, June 9th. Weiss Ratings lowered Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Sanford C. Bernstein lifted their price target on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Finally, Citigroup lifted their price target on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average target price of $122.04.

Canadian National Railway Price Performance

CNI opened at $117.47 on Tuesday. The stock has a 50-day moving average price of $113.59 and a 200-day moving average price of $105.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market cap of $71.27 billion, a PE ratio of 21.36, a P/E/G ratio of 2.28 and a beta of 0.96. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $122.48.

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

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) 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.