Canandaigua National Trust Co of Florida Acquires 1,365 Shares of Canadian National Railway (NYSE:CNI)

Canandaigua National Trust Co of Florida raised its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 61.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,570 shares of the transportation company’s stock after buying an additional 1,365 shares during the period. Canandaigua National Trust Co of Florida’s holdings in Canadian National Railway were worth $362,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Fortitude Family Office LLC grew its holdings in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Coastline Trust Co acquired a new position in Canadian National Railway in the 3rd quarter valued at $34,000. Reston Wealth Management LLC bought a new position in Canadian National Railway in the 3rd quarter worth $41,000. Sanctuary Wealth Management L.L.C. acquired a new position in Canadian National Railway during the 3rd quarter worth $56,000. Finally, Grove Bank & Trust boosted its holdings in Canadian National Railway by 15.3% during the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 97 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI stock traded up $1.00 during trading on Monday, hitting $103.53. The company had a trading volume of 1,297,184 shares, compared to its average volume of 1,039,831. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average price of $107.11 and a two-hundred day moving average price of $112.96. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The company has a market cap of $65.13 billion, a P/E ratio of 16.59, a P/E/G ratio of 2.43 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. Equities research analysts expect that Canadian National Railway will post 5.31 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were issued a $0.6108 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Monday, December 9th. Canadian National Railway’s payout ratio is currently 38.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CNI shares. Stifel Nicolaus boosted their price objective on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target for the company in a report on Monday, October 7th. Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Finally, Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $125.86.

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.