White Pine Investment CO Purchases 1,112 Shares of Canadian National Railway (NYSE:CNI)

White Pine Investment CO grew its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 48,755 shares of the transportation company’s stock after buying an additional 1,112 shares during the quarter. Canadian National Railway makes up approximately 1.6% of White Pine Investment CO’s portfolio, making the stock its 26th largest position. White Pine Investment CO’s holdings in Canadian National Railway were worth $5,712,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CNI. Private Advisor Group LLC boosted its stake in Canadian National Railway by 19.4% in the first quarter. Private Advisor Group LLC now owns 10,263 shares of the transportation company’s stock valued at $1,352,000 after buying an additional 1,671 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Canadian National Railway by 6.4% in the first quarter. Janney Montgomery Scott LLC now owns 112,491 shares of the transportation company’s stock valued at $14,816,000 after buying an additional 6,794 shares in the last quarter. Tobam acquired a new stake in Canadian National Railway in the first quarter valued at about $216,000. Choreo LLC boosted its stake in Canadian National Railway by 1.5% in the first quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock valued at $846,000 after buying an additional 97 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Canadian National Railway in the first quarter valued at about $64,000. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Susquehanna cut their price target on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein cut their price target on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $125.18.

Canadian National Railway Price Performance

Shares of CNI opened at $108.21 on Friday. Canadian National Railway has a 1 year low of $107.56 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The company has a market capitalization of $68.04 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.42 and a beta of 0.89. The business has a 50-day moving average of $115.40 and a 200-day moving average of $118.76.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, equities research analysts anticipate that Canadian National Railway will post 5.54 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced 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 of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.26%. Canadian National Railway’s payout ratio is currently 39.90%.

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.