Frank Rimerman Advisors LLC Purchases Shares of 4,389 Canadian National Railway Company $CNI

Frank Rimerman Advisors LLC acquired a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,389 shares of the transportation company’s stock, valued at approximately $457,000.

Other institutional investors have also made changes to their positions in the company. Nordwand Advisors LLC acquired a new position in Canadian National Railway in the second quarter worth about $479,000. Rothschild Investment LLC raised its holdings in shares of Canadian National Railway by 3.6% in the 2nd quarter. Rothschild Investment LLC now owns 19,627 shares of the transportation company’s stock worth $2,042,000 after buying an additional 678 shares in the last quarter. Duff & Phelps Investment Management Co. bought a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $18,351,000. Farrow Financial Inc. lifted its position in shares of Canadian National Railway by 25.0% during the 2nd quarter. Farrow Financial Inc. now owns 19,665 shares of the transportation company’s stock worth $2,046,000 after buying an additional 3,936 shares during the period. Finally, Midwest Professional Planners LTD. acquired a new stake in Canadian National Railway in the 2nd quarter valued at $322,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 0.4%

CNI opened at $93.54 on Thursday. Canadian National Railway Company has a 1-year low of $91.07 and a 1-year high of $112.97. The stock has a market capitalization of $57.67 billion, a PE ratio of 17.99, a PEG ratio of 2.13 and a beta of 0.95. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $94.90 and a two-hundred day moving average price of $98.50.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. As a group, equities analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, December 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio is 48.01%.

Analyst Ratings Changes

A number of brokerages have issued reports on CNI. Royal Bank Of Canada lifted their price objective on Canadian National Railway from $148.00 to $158.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Zacks Research lowered shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Barclays decreased their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $114.00.

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.