Catalytic Wealth RIA LLC Boosts Stake in Canadian National Railway (NYSE:CNI)

Catalytic Wealth RIA LLC raised its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,582 shares of the transportation company’s stock after purchasing an additional 123 shares during the period. Catalytic Wealth RIA LLC’s holdings in Canadian National Railway were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. Manning & Napier Advisors LLC bought a new position in shares of Canadian National Railway during the second quarter worth about $134,096,000. Koshinski Asset Management Inc. bought a new position in shares of Canadian National Railway during the first quarter worth about $627,000. Sterling Investment Management LLC lifted its position in shares of Canadian National Railway by 17.2% during the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock worth $4,250,000 after purchasing an additional 5,329 shares during the last quarter. Sumitomo Life Insurance Co. bought a new position in shares of Canadian National Railway during the second quarter worth about $1,321,000. Finally, Fiera Capital Corp boosted its stake in Canadian National Railway by 13.3% in the second quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company’s stock valued at $643,503,000 after acquiring an additional 638,817 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $111.67 on Tuesday. Canadian National Railway has a 12 month low of $107.54 and a 12 month high of $134.02. The stock has a market cap of $70.22 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.49 and a beta of 0.89. The stock’s 50 day moving average price is $114.71 and its 200 day moving average price is $118.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. Equities research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.19%. Canadian National Railway’s dividend payout ratio is currently 39.90%.

Analysts Set New Price Targets

CNI has been the subject of a number of research reports. Barclays lifted their target price on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Stifel Nicolaus lifted their target price on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Sanford C. Bernstein decreased their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Finally, Veritas raised 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, fifteen have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $125.18.

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.