Vontobel Holding Ltd. Increases Stock Position in Canadian National Railway Company $CNI

Vontobel Holding Ltd. boosted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 51.1% during the second quarter, HoldingsChannel reports. The firm owned 5,691 shares of the transportation company’s stock after buying an additional 1,925 shares during the period. Vontobel Holding Ltd.’s holdings in Canadian National Railway were worth $593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sax Wealth Advisors LLC bought a new position in Canadian National Railway during the second quarter valued at approximately $231,000. Shell Asset Management Co. grew its position in Canadian National Railway by 53.4% during the second quarter. Shell Asset Management Co. now owns 32,332 shares of the transportation company’s stock valued at $3,362,000 after acquiring an additional 11,259 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Canadian National Railway during the second quarter valued at approximately $206,000. DAVENPORT & Co LLC grew its position in Canadian National Railway by 5.1% during the second quarter. DAVENPORT & Co LLC now owns 9,960 shares of the transportation company’s stock valued at $1,036,000 after acquiring an additional 487 shares during the last quarter. Finally, Ascent Group LLC bought a new position in Canadian National Railway during the second quarter valued at approximately $318,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $96.15 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $59.69 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.14 and a beta of 0.96. The stock has a fifty day moving average of $94.59 and a 200 day moving average of $98.93. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $116.79.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.84 EPS. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were given a dividend of $0.6507 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s payout ratio is 50.19%.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 2nd. Susquehanna cut 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 report on Thursday, September 25th. Evercore ISI cut shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 target price on the stock. in a report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Two research 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, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $113.90.

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.