Aviso Financial Inc. Acquires 11,871 Shares of Canadian National Railway Company $CNI

Key Points

• Aviso Financial Inc. increased its stake in Canadian National Railway Company by 7.6%, now owning 168,992 shares valued at approximately $16.45 million.
• Canadian National Railway reported Q2 earnings of $1.35 EPS, falling short of the $1.37 consensus estimate, with revenues at $3.14 billion compared to expectations of $4.34 billion.
• The company declared a quarterly dividend of $0.6507, up from the previous quarterly dividend of $0.62, resulting in an annualized dividend yield of 2.8%.

Aviso Financial Inc. raised its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,992 shares of the transportation company's stock after buying an additional 11,871 shares during the quarter. Canadian National Railway comprises 0.8% of Aviso Financial Inc.'s investment portfolio, making the stock its 27th largest holding. Aviso Financial Inc.'s holdings in Canadian National Railway were worth $16,452,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Polar Asset Management Partners Inc. grew its position in Canadian National Railway by 233.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after acquiring an additional 17,500 shares during the period. Cypress Asset Management Inc. TX acquired a new position in shares of Canadian National Railway during the fourth quarter valued at $875,000. GAMMA Investing LLC lifted its stake in shares of Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after acquiring an additional 171 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Canadian National Railway by 3.7% during the first quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock valued at $9,185,000 after acquiring an additional 3,400 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Canadian National Railway by 60.6% in the first quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock valued at $948,000 after buying an additional 3,671 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 2.0%

CNI stock traded up $1.8350 during midday trading on Friday, hitting $95.8650. The company had a trading volume of 2,047,408 shares, compared to its average volume of 1,688,668. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a 52 week low of $91.65 and a 52 week high of $121.12. The stock's 50 day moving average price is $99.08 and its 200 day moving average price is $100.23. The stock has a market cap of $59.85 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.09 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.84 earnings per share. As a group, equities research analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be given a dividend of $0.6507 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. Canadian National Railway's dividend payout ratio is 50.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America lifted their price target on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Argus upgraded Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. National Bank Financial cut Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Evercore ISI lowered Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price target on the stock. in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $118.36.

About Canadian National Railway

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.