Lombard Odier Asset Management USA Corp Invests $1.76 Million in Canadian National Railway Company $CNI

Lombard Odier Asset Management USA Corp bought a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,847 shares of the transportation company’s stock, valued at approximately $1,764,000.

Other large investors have also recently made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $27,000. Curio Wealth LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after buying an additional 280 shares during the period. Leonteq Securities AG purchased a new stake in shares of Canadian National Railway during the fourth quarter worth approximately $39,000. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Canadian National Railway during the third quarter worth approximately $51,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

CNI stock opened at $117.75 on Wednesday. The company has a market capitalization of $71.44 billion, a P/E ratio of 21.41, a PEG ratio of 2.25 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48. The business has a 50 day simple moving average of $113.86 and a 200-day simple moving average of $105.98. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting 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 business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the company earned $1.85 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.1%. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.55%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CNI shares. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Sanford C. Bernstein increased their price objective on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Citigroup increased their price objective on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada increased their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Nine research 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 currently has a consensus rating of “Hold” and a consensus target price of $122.04.

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.