Ycg LLC Grows Position in Canadian National Railway (NYSE:CNI)

Ycg LLC increased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,846 shares of the transportation company’s stock after buying an additional 6,517 shares during the quarter. Canadian National Railway accounts for approximately 2.5% of Ycg LLC’s holdings, making the stock its 18th biggest holding. Ycg LLC’s holdings in Canadian National Railway were worth $30,341,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Canadian National Railway by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after purchasing an additional 387,975 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Canadian National Railway by 9.6% during the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after acquiring an additional 1,907,938 shares in the last quarter. FIL Ltd lifted its stake in Canadian National Railway by 7.2% in the fourth quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock worth $2,412,032,000 after acquiring an additional 1,280,726 shares during the period. TD Asset Management Inc boosted its holdings in Canadian National Railway by 2.8% in the fourth quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock valued at $1,471,733,000 after acquiring an additional 314,600 shares in the last quarter. Finally, Capital International Investors raised its holdings in Canadian National Railway by 18.1% in the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock worth $1,185,647,000 after purchasing an additional 1,379,976 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of NYSE CNI traded down $1.34 during trading on Friday, reaching $115.37. 1,926,553 shares of the company traded hands, compared to its average volume of 1,076,060. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The firm has a 50 day simple moving average of $116.24 and a 200-day simple moving average of $123.02. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The stock has a market capitalization of $72.96 billion, a PE ratio of 18.40, a P/E/G ratio of 2.41 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 EPS. Equities research analysts anticipate that Canadian National Railway will post 5.64 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.614 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is currently 39.07%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CNI shares. Barclays decreased their price target on shares of Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Scotiabank upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Susquehanna lowered their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, Sanford C. Bernstein downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Sixteen analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average price target of $138.35.

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.