Hexagon Capital Partners LLC Has $145,000 Stake in Canadian National Railway (NYSE:CNI)

Hexagon Capital Partners LLC trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 17.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,241 shares of the transportation company’s stock after selling 259 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Canadian National Railway were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Canadian National Railway in the 2nd quarter valued at approximately $26,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares in the last quarter. ORG Partners LLC bought a new position in Canadian National Railway in the 2nd quarter worth approximately $34,000. Finally, Daiwa Securities Group Inc. bought a new position in Canadian National Railway in the 1st quarter worth approximately $64,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on CNI shares. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Barclays lifted their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Citigroup began coverage on Canadian National Railway in a research report on Wednesday. They issued a “neutral” rating and a $125.00 price target on the stock. Finally, Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $128.59.

Canadian National Railway Stock Up 1.0 %

Shares of Canadian National Railway stock opened at $115.10 on Friday. The business has a fifty day simple moving average of $115.43 and a 200 day simple moving average of $120.87. The stock has a market cap of $72.48 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.52 and a beta of 0.88. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted 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). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Canadian National Railway’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts predict that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a dividend of $0.614 per share. The ex-dividend date was Friday, September 6th. This represents a $2.46 annualized dividend and a yield of 2.13%. Canadian National Railway’s dividend payout ratio is presently 39.26%.

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.