Syon Capital LLC Boosts Stock Position in Canadian National Railway (NYSE:CNI)

Syon Capital LLC raised its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,111 shares of the transportation company’s stock after buying an additional 1,145 shares during the quarter. Syon Capital LLC’s holdings in Canadian National Railway were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC grew its stake in Canadian National Railway by 6.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 17,890 shares of the transportation company’s stock worth $1,938,000 after buying an additional 1,105 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Canadian National Railway during the third quarter worth about $336,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Canadian National Railway during the third quarter valued at about $1,311,000. Envestnet Asset Management Inc. raised its position in shares of Canadian National Railway by 41.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 759,251 shares of the transportation company’s stock valued at $82,250,000 after purchasing an additional 224,254 shares during the last quarter. Finally, Rathbones Group PLC raised its position in shares of Canadian National Railway by 11.1% in the 3rd quarter. Rathbones Group PLC now owns 7,335 shares of the transportation company’s stock valued at $798,000 after purchasing an additional 735 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Stephens restated an “equal weight” rating and issued a $140.00 target price on shares of Canadian National Railway in a research note on Wednesday, April 24th. Barclays lifted their price target on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Susquehanna increased their price objective on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $149.32.

Canadian National Railway Stock Performance

CNI traded up $0.14 on Friday, reaching $121.84. The stock had a trading volume of 902,407 shares, compared to its average volume of 881,662. The business’s 50-day moving average price is $126.00 and its two-hundred day moving average price is $126.17. The company has a market cap of $77.31 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Sell-side analysts forecast that Canadian National Railway will post 5.9 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s payout ratio is 39.08%.

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.