Canadian National Railway Company $CNI Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 574.1% during the first quarter, HoldingsChannel.com reports. The firm owned 16,374 shares of the transportation company’s stock after purchasing an additional 13,945 shares during the period. SG Americas Securities LLC’s holdings in Canadian National Railway were worth $1,683,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sky Investment Group LLC acquired a new stake in Canadian National Railway in the first quarter valued at approximately $201,000. Monarch Capital Management Inc. raised its stake in shares of Canadian National Railway by 4.6% during the 1st quarter. Monarch Capital Management Inc. now owns 5,317 shares of the transportation company’s stock worth $548,000 after buying an additional 235 shares during the period. Diversified Trust Co raised its stake in shares of Canadian National Railway by 4.3% during the 1st quarter. Diversified Trust Co now owns 3,582 shares of the transportation company’s stock worth $368,000 after buying an additional 149 shares during the period. Weatherly Asset Management L. P. lifted its position in shares of Canadian National Railway by 6.2% during the 1st quarter. Weatherly Asset Management L. P. now owns 3,415 shares of the transportation company’s stock valued at $351,000 after buying an additional 200 shares in the last quarter. Finally, Purpose Unlimited Inc. purchased a new position in shares of Canadian National Railway during the 4th quarter valued at approximately $12,429,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE CNI opened at $121.51 on Friday. 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 stock’s 50 day simple moving average is $115.76 and its 200-day simple moving average is $107.68. The company has a market cap of $73.72 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.25 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 issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.75 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 9th. Canadian National Railway’s payout ratio is 48.55%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. National Bank Financial set a $124.00 price target on shares of Canadian National Railway in a report on Thursday, June 25th. Barclays upped their price objective on shares of Canadian National Railway from $99.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Royal Bank Of Canada lifted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Bank of America boosted their target price on shares of Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.12.

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.