Banque Cantonale Vaudoise Purchases Shares of 2,848 Canadian National Railway Company (NYSE:CNI)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in the Canadian National Railway Company, purchasing 2,848 shares valued at approximately $277,000.
• Canadian National Railway recently announced an increase in its quarterly dividend to $0.6507, reflecting a 2.8% dividend yield for shareholders.
• Recent earnings report revealed a miss on consensus estimates with EPS of $1.35 compared to the expected $1.37, while revenue fell short at $3.14 billion against an expectation of $4.34 billion.

Banque Cantonale Vaudoise bought a new position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 2,848 shares of the transportation company's stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. raised its position in shares of 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 purchasing an additional 17,500 shares during the period. Cypress Asset Management Inc. TX bought a new stake in shares of Canadian National Railway during the fourth quarter worth about $875,000. GAMMA Investing LLC grew its position in Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after purchasing an additional 171 shares in the last quarter. Principal Financial Group Inc. increased its position in Canadian National Railway by 3.7% in the first quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock worth $9,185,000 after buying an additional 3,400 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Canadian National Railway by 60.6% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Trading Down 1.7%

Shares of Canadian National Railway stock traded down $1.60 during trading on Thursday, hitting $92.54. 705,664 shares of the company were exchanged, compared to its average volume of 1,482,512. The firm has a market capitalization of $57.98 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The firm's fifty day moving average price is $101.83 and its 200 day moving average price is $101.10. 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 Company has a 1-year low of $91.65 and a 1-year high of $121.12.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the company earned $1.84 EPS. The business's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side 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 announced 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. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. Canadian National Railway's payout ratio is presently 49.81%.

Analyst Ratings Changes

A number of research firms recently issued reports on CNI. Bank of America increased their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Stephens boosted their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Jefferies Financial Group decreased their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI cut shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price objective for the company. in a research report on Wednesday, July 23rd. Finally, Barclays decreased their price target on shares of Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of "Hold" and a consensus target price of $118.36.

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.