Threadgill Financial LLC Has $2.28 Million Position in Canadian National Railway (NYSE:CNI)

Threadgill Financial LLC grew its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 75.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,476 shares of the transportation company’s stock after purchasing an additional 9,701 shares during the period. Canadian National Railway comprises about 1.2% of Threadgill Financial LLC’s portfolio, making the stock its 18th largest position. Threadgill Financial LLC’s holdings in Canadian National Railway were worth $2,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI boosted its stake in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Canadian National Railway in the third quarter valued at about $159,907,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Canadian National Railway by 4,614.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock valued at $157,896,000 after purchasing an additional 1,307,689 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after buying an additional 790,420 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Canadian National Railway by 7.8% during the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after buying an additional 674,536 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

NYSE CNI opened at $99.86 on Monday. The stock has a market cap of $62.83 billion, a PE ratio of 16.00, a P/E/G ratio of 2.43 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The firm has a 50-day moving average of $106.41 and a 200-day moving average of $112.42. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian National Railway will post 5.31 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a $0.6108 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.45%. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.14%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CNI. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 target price on shares of Canadian National Railway in a research report on Friday. Susquehanna cut their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays raised their price objective on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.94.

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.