Atwater Malick LLC Buys 458 Shares of Canadian National Railway (NYSE:CNI)

Atwater Malick LLC boosted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,579 shares of the transportation company’s stock after purchasing an additional 458 shares during the period. Canadian National Railway comprises 2.8% of Atwater Malick LLC’s portfolio, making the stock its 15th largest holding. Atwater Malick LLC’s holdings in Canadian National Railway were worth $8,854,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Canadian National Railway during the second quarter valued at approximately $26,000. GAMMA Investing LLC lifted its position in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the period. Addison Advisors LLC lifted its position in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. ORG Partners LLC bought a new position in Canadian National Railway during the second quarter valued at approximately $34,000. Finally, Daiwa Securities Group Inc. bought a new position in Canadian National Railway during the first quarter valued at approximately $64,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

CNI has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target on the stock in a research report on Monday, October 7th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Citigroup initiated coverage on shares of Canadian National Railway in a research report on Wednesday. They issued a “neutral” rating and a $125.00 price target on the stock. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Finally, Evercore ISI decreased their price target on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.02.

Canadian National Railway Price Performance

CNI traded up $0.74 during trading on Friday, hitting $115.84. 1,047,595 shares of the company traded hands, compared to its average volume of 1,135,281. The company has a market cap of $72.95 billion, a PE ratio of 18.56, a P/E/G ratio of 2.55 and a beta of 0.88. The stock’s 50-day simple moving average is $115.54 and its two-hundred day simple moving average is $120.73. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

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 for the quarter, missing the consensus estimate of $1.93 by ($0.09). The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. As a group, sell-side analysts anticipate that Canadian National Railway will post 5.54 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid 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 2.12%. Canadian National Railway’s payout ratio is 39.26%.

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.