Inspire Investing LLC Raises Stock Position in Canadian National Railway Company $CNI

Inspire Investing LLC boosted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.7% during the second quarter, Holdings Channel.com reports. The firm owned 20,613 shares of the transportation company’s stock after buying an additional 1,642 shares during the quarter. Inspire Investing LLC’s holdings in Canadian National Railway were worth $2,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Canadian National Railway in the second quarter valued at approximately $310,489,000. The Manufacturers Life Insurance Company increased its stake in shares of Canadian National Railway by 37.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company’s stock worth $518,260,000 after acquiring an additional 1,439,617 shares during the period. Nuveen LLC acquired a new stake in shares of Canadian National Railway in the first quarter valued at about $112,216,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Canadian National Railway by 20.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock valued at $646,983,000 after purchasing an additional 1,148,569 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Canadian National Railway by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock valued at $259,694,000 after acquiring an additional 755,518 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 1.0%

CNI opened at $94.51 on Friday. The stock has a market cap of $58.67 billion, a PE ratio of 18.18, a PEG ratio of 2.15 and a beta of 0.96. The business has a 50 day moving average of $94.54 and a 200-day moving average of $98.95. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $116.79. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 earnings per share. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were given a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 8th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio is presently 50.19%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CNI. Susquehanna reduced their target price on shares of Canadian National Railway from $120.00 to $115.00 and set a “positive” rating on the stock in a research report on Thursday, September 25th. Bank of America dropped their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Barclays reduced their target price on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Finally, Citigroup dropped their price target on Canadian National Railway from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.30.

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.