Linden Thomas Advisory Services LLC Acquires 413 Shares of Canadian National Railway Company (NYSE:CNI)

Linden Thomas Advisory Services LLC boosted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 12.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,682 shares of the transportation company’s stock after buying an additional 413 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Canadian National Railway were worth $359,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Polar Asset Management Partners Inc. boosted its holdings in Canadian National Railway by 233.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company’s stock valued at $2,537,000 after acquiring an additional 17,500 shares during the last quarter. Cypress Asset Management Inc. TX bought a new position in Canadian National Railway in the fourth quarter valued at about $875,000. GAMMA Investing LLC boosted its holdings in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 171 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Canadian National Railway by 60.6% during the first quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company’s stock worth $948,000 after buying an additional 3,671 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in Canadian National Railway by 6.7% during the fourth quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company’s stock worth $1,078,000 after buying an additional 655 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNI. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Evercore ISI reduced their target price on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Barclays raised their target price on Canadian National Railway from $101.00 to $106.00 and gave the stock an “equal weight” rating in a report on Thursday. Susquehanna raised their target price on Canadian National Railway from $120.00 to $122.00 and gave the stock a “positive” rating in a report on Tuesday, June 24th. Finally, Stephens raised their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $120.86.

Canadian National Railway Stock Down 0.8%

Shares of Canadian National Railway stock opened at $105.20 on Friday. The firm has a market cap of $65.91 billion, a PE ratio of 20.51, a P/E/G ratio of 2.13 and a beta of 0.97. The business’s 50 day simple moving average is $104.37 and its 200 day simple moving average is $101.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $123.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.72 EPS. On average, analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.8875 dividend. This is a boost from Canadian National Railway’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, June 9th. This represents a yield of 2.47%. Canadian National Railway’s payout ratio is presently 50.49%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.