Greenland Capital Management LP Makes New $1.52 Million Investment in Canadian National Railway (NYSE:CNI)

Greenland Capital Management LP bought a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,000 shares of the transportation company’s stock, valued at approximately $1,523,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNI. Renaissance Technologies LLC increased its holdings in shares of Canadian National Railway by 501.2% during the 4th quarter. Renaissance Technologies LLC now owns 352,900 shares of the transportation company’s stock worth $35,823,000 after acquiring an additional 294,200 shares during the last quarter. Bristol Gate Capital Partners Inc. lifted its stake in shares of Canadian National Railway by 10.2% during the 4th quarter. Bristol Gate Capital Partners Inc. now owns 9,108 shares of the transportation company’s stock worth $924,000 after buying an additional 840 shares during the last quarter. Invesco Ltd. grew its stake in Canadian National Railway by 4.0% in the 4th quarter. Invesco Ltd. now owns 523,944 shares of the transportation company’s stock valued at $53,186,000 after buying an additional 20,249 shares during the last quarter. Smith Moore & CO. lifted its position in Canadian National Railway by 14.0% during the fourth quarter. Smith Moore & CO. now owns 3,266 shares of the transportation company’s stock worth $332,000 after acquiring an additional 400 shares during the last quarter. Finally, Pitcairn Co. lifted its position in Canadian National Railway by 3.5% during the fourth quarter. Pitcairn Co. now owns 4,751 shares of the transportation company’s stock worth $482,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Susquehanna reduced their price target on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.36.

Canadian National Railway Trading Down 1.7 %

Shares of CNI stock opened at $94.84 on Tuesday. The stock has a 50-day moving average of $100.22 and a 200-day moving average of $105.61. Canadian National Railway has a 1-year low of $92.58 and a 1-year high of $132.27. The stock has a market cap of $59.60 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.60%. Canadian National Railway’s dividend payout ratio (DPR) is 47.66%.

Canadian National Railway 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.