Metis Global Partners LLC Purchases 1,728 Shares of Canadian National Railway Company $CNI

Metis Global Partners LLC lifted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 21,365 shares of the transportation company’s stock after purchasing an additional 1,728 shares during the period. Metis Global Partners LLC’s holdings in Canadian National Railway were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNI. Dagco Inc. acquired a new position in Canadian National Railway during the 1st quarter worth $32,000. Curio Wealth LLC increased its stake in shares of Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares during the period. Brooklyn Investment Group lifted its position in shares of Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after purchasing an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 167 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Canadian National Railway in the 1st quarter valued at approximately $74,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CNI. Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 6th. Bank of America reduced their price target on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Susquehanna raised their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $114.00.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $95.00 on Monday. The business has a 50 day simple moving average of $94.92 and a 200 day simple moving average of $98.61. Canadian National Railway Company has a one year low of $91.07 and a one year high of $113.08. The company has a market capitalization of $58.78 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the company posted $1.72 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared 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 3.7%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.01%.

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.