LGT Group Foundation Grows Position in Canadian National Railway Company $CNI

LGT Group Foundation lifted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 126,125 shares of the transportation company’s stock after purchasing an additional 8,405 shares during the quarter. LGT Group Foundation’s holdings in Canadian National Railway were worth $11,937,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Addison Advisors LLC raised its holdings in Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after buying an additional 150 shares during the period. Hollencrest Capital Management acquired a new position in Canadian National Railway during the third quarter valued at approximately $28,000. First Horizon Corp purchased a new stake in Canadian National Railway during the third quarter worth approximately $30,000. Costello Asset Management INC increased its position 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 worth $31,000 after acquiring an additional 150 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Canadian National Railway in the third quarter worth $50,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $106.86 on Monday. The stock has a market capitalization of $65.52 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.22 and a beta of 0.90. Canadian National Railway Company has a one year low of $90.74 and a one year high of $113.08. The company’s 50-day simple moving average is $102.98 and its 200-day simple moving average is $98.19. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.Canadian National Railway’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. Equities analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.4%. 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 payout ratio is 49.36%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CNI shares. Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Royal Bank Of Canada cut their price objective on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce raised Canadian National Railway from a “hold” rating to an “outperformer” rating and upped their target price for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of $118.91.

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.