Canadian National Railway Company $CNI Shares Purchased by Vestor Capital LLC

Vestor Capital LLC boosted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6,349.6% during the third quarter, HoldingsChannel reports. The fund owned 94,486 shares of the transportation company’s stock after buying an additional 93,021 shares during the period. Vestor Capital LLC’s holdings in Canadian National Railway were worth $11,234,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Candriam S.C.A. grew its holdings in shares of Canadian National Railway by 4.5% during the 3rd quarter. Candriam S.C.A. now owns 21,945 shares of the transportation company’s stock worth $2,628,000 after purchasing an additional 955 shares during the period. Ethic Inc. raised its holdings in Canadian National Railway by 47.0% in the 3rd quarter. Ethic Inc. now owns 21,410 shares of the transportation company’s stock valued at $2,546,000 after buying an additional 6,841 shares during the period. CenterBook Partners LP lifted its position in Canadian National Railway by 81.2% in the third quarter. CenterBook Partners LP now owns 12,549 shares of the transportation company’s stock valued at $1,492,000 after buying an additional 5,625 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Canadian National Railway by 2.3% in the third quarter. Kestra Advisory Services LLC now owns 16,214 shares of the transportation company’s stock valued at $1,928,000 after buying an additional 359 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in Canadian National Railway during the third quarter worth about $181,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Raymond James Financial cut shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 19th. Argus reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Monday, August 31st. Citizens Jmp began coverage on shares of Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Susquehanna boosted their target price on Canadian National Railway from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. Finally, Barclays upped their price target on Canadian National Railway from $130.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Monday, November 2nd. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $138.76.

Canadian National Railway Trading Up 2.4%

NYSE CNI opened at $127.05 on Tuesday. The firm has a 50 day simple moving average of $121.60 and a 200-day simple moving average of $116.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.61 and a current ratio of 0.82. Canadian National Railway Company has a one year low of $90.74 and a one year high of $131.55. The firm has a market cap of $76.55 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.36 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.05. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.82%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the prior year, the firm earned $1.83 EPS. The firm’s revenue for the quarter was down 99.9% on a year-over-year basis. Equities research analysts anticipate that Canadian National Railway Company will post 5.85 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 9th will be paid a C$0.92 dividend. The ex-dividend date is Wednesday, December 9th. This represents a $3.66 annualized dividend and a dividend yield of 2.9%. Canadian National Railway’s payout ratio is 45.30%.

Canadian National Railway Company Profile

Canadian National Railway, commonly known as CN, is a North American transportation and logistics company that operates a freight rail network connecting Canada’s Atlantic, Pacific and Gulf coasts with the United States. Its network serves customers across Canada and the U.S. Midwest and South.

CN transports a range of commodities and manufactured goods, including intermodal shipments, grain and fertilizers, petroleum and chemicals, forest products, metals and minerals, and finished vehicles.