Waratah Capital Advisors Ltd. Sells 38,864 Shares of Canadian National Railway Company $CNI

Waratah Capital Advisors Ltd. reduced its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 25.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,955 shares of the transportation company’s stock after selling 38,864 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Canadian National Railway were worth $12,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNI. Addison Advisors LLC lifted its stake in Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after acquiring an additional 150 shares during the period. Curio Wealth LLC raised its position in shares of Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after acquiring an additional 316 shares in the last quarter. Dagco Inc. purchased a new stake in Canadian National Railway in the first quarter worth $32,000. Brooklyn Investment Group raised its holdings in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 0.5%

Canadian National Railway stock opened at $96.13 on Friday. Canadian National Railway Company has a 12 month low of $91.07 and a 12 month high of $112.97. The stock has a fifty day simple moving average of $94.87 and a two-hundred day simple moving average of $98.58. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a market cap of $59.26 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.13 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the company posted $1.72 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a dividend yield of 3.7%. Canadian National Railway’s dividend payout ratio is presently 48.01%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNI. Evercore ISI boosted their target price on shares of Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a report on Monday, November 3rd. Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Susquehanna upped their price objective on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a report on Monday, November 3rd. Citigroup raised their price objective on Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Wells Fargo & Company cut their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $114.00.

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.