Louisbourg Investments Inc. Has $28.48 Million Stake in Canadian National Railway Company $CNI

Louisbourg Investments Inc. raised its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 302,143 shares of the transportation company’s stock after buying an additional 9,729 shares during the period. Canadian National Railway comprises 5.7% of Louisbourg Investments Inc.’s holdings, making the stock its biggest holding. Louisbourg Investments Inc.’s holdings in Canadian National Railway were worth $28,484,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Addison Advisors LLC increased its holdings in Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares in the last quarter. Curio Wealth LLC raised its position in shares of Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 316 shares during the period. Brooklyn Investment Group boosted its position in shares of Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Canadian National Railway by 42.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after acquiring an additional 167 shares in the last quarter. Finally, Caldwell Trust Co bought a new position in Canadian National Railway in the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CNI. Susquehanna lifted their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research note on Monday, November 3rd. Zacks Research upgraded shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Cibc Captl Mkts raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Royal Bank Of Canada upped their price target on shares of Canadian National Railway from $148.00 to $158.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.36.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $98.23 on Friday. The stock has a market cap of $60.45 billion, a P/E ratio of 18.64, a P/E/G ratio of 2.24 and a beta of 0.96. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average price is $95.81 and its two-hundred day moving average price is $97.30. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $108.75.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the business posted $1.72 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be paid a $0.8875 dividend. The ex-dividend date is Tuesday, December 9th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a dividend yield of 3.6%. Canadian National Railway’s dividend payout ratio is presently 48.01%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.