FinTrust Capital Advisors LLC grew its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 214.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446 shares of the transportation company’s stock after buying an additional 304 shares during the period. FinTrust Capital Advisors LLC’s holdings in Canadian National Railway were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keebeck Wealth Management LLC bought a new stake in shares of Canadian National Railway during the second quarter valued at approximately $34,000. Balentine LLC raised its holdings in shares of Canadian National Railway by 3,915.4% during the second quarter. Balentine LLC now owns 522 shares of the transportation company’s stock valued at $46,000 after buying an additional 509 shares during the last quarter. Nachman Norwood & Parrott Inc bought a new stake in shares of Canadian National Railway during the third quarter valued at approximately $53,000. Barrett Asset Management LLC bought a new stake in shares of Canadian National Railway during the second quarter valued at approximately $81,000. Finally, Prospera Financial Services Inc bought a new stake in Canadian National Railway during the third quarter worth approximately $83,000. 46.70% of the stock is currently owned by institutional investors.
NYSE CNI opened at $108.72 on Friday. Canadian National Railway has a twelve month low of $65.13 and a twelve month high of $112.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.85 and a current ratio of 1.05. The stock has a market cap of $77.36 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.94 and a beta of 0.87. The firm’s 50 day moving average price is $106.93 and its two-hundred day moving average price is $97.48.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 20th. The transportation company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.29. Canadian National Railway had a net margin of 24.90% and a return on equity of 19.55%. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the previous year, the company posted $1.66 EPS. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. On average, research analysts forecast that Canadian National Railway will post 4.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 9th will be given a dividend of $0.432 per share. This represents a $1.73 annualized dividend and a yield of 1.59%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, December 8th. Canadian National Railway’s payout ratio is presently 39.86%.
Several brokerages recently commented on CNI. Credit Suisse Group boosted their target price on Canadian National Railway from $112.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Bank of America boosted their target price on Canadian National Railway from $104.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Royal Bank of Canada dropped their target price on Canadian National Railway from $145.00 to $144.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 21st. BMO Capital Markets boosted their target price on Canadian National Railway from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Tuesday, September 22nd. Finally, Barclays raised Canadian National Railway from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $81.00 to $102.00 in a report on Friday, October 16th. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $113.44.
About Canadian National Railway
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods comprises petroleum and chemicals, fertilizers, coal, metals and minerals, forest products, grain, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.
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