Lighthouse Investment Partners LLC Takes Position in Canadian National Railway Company $CNI

Lighthouse Investment Partners LLC bought a new position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 158,799 shares of the transportation company’s stock, valued at approximately $14,975,000.

Several other large investors have also recently modified their holdings of the stock. Hollencrest Capital Management bought a new stake in Canadian National Railway in the third quarter worth $28,000. First Horizon Corp bought a new position in Canadian National Railway during the third quarter valued at $30,000. Costello Asset Management INC raised its stake in shares of Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Canadian National Railway in the third quarter valued at $50,000. Finally, Private Trust Co. NA lifted its holdings in shares of Canadian National Railway by 30.8% in the 3rd quarter. Private Trust Co. NA now owns 603 shares of the transportation company’s stock worth $57,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Evercore decreased their price objective on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a research note on Monday, February 2nd. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Canadian Imperial Bank of Commerce raised Canadian National Railway from a “hold” rating to an “outperformer” rating and upped their target price for the company from $146.00 to $151.00 in a research note on Friday, November 28th. Finally, Barclays decreased their price target on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Trading Up 1.1%

Shares of CNI opened at $104.98 on Monday. The firm has a market capitalization of $64.17 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.47. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $113.08. The company has a 50-day moving average of $103.64 and a 200 day moving average of $98.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm earned $1.82 EPS. On average, research analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio (DPR) is 49.36%.

Canadian National Railway Company 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.