Canadian National Railway Company (NYSE:CNI) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 9.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,741 shares of the transportation company's stock after purchasing an additional 11,412 shares during the period. Cerity Partners LLC's holdings in Canadian National Railway were worth $12,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. Linden Thomas Advisory Services LLC raised its position in shares of Canadian National Railway by 12.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 3,682 shares of the transportation company's stock worth $359,000 after acquiring an additional 413 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Canadian National Railway by 217.1% in the first quarter. Crossmark Global Holdings Inc. now owns 91,349 shares of the transportation company's stock worth $8,903,000 after acquiring an additional 62,544 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of Canadian National Railway by 2.1% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 7,368 shares of the transportation company's stock worth $718,000 after acquiring an additional 154 shares during the period. Olde Wealth Management LLC acquired a new position in shares of Canadian National Railway in the first quarter worth about $155,000. Finally, Principal Financial Group Inc. raised its position in shares of 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 acquiring an additional 3,400 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.8%

Shares of NYSE CNI opened at $105.20 on Monday. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $123.96. The stock has a market cap of $65.91 billion, a PE ratio of 20.51, a P/E/G ratio of 2.11 and a beta of 0.97. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $104.37 and a 200 day moving average of $101.64.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same quarter in the prior year, the company posted $1.72 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a $0.8875 dividend. This is a positive change from Canadian National Railway's previous dividend of $0.29. This represents a dividend yield of 2.47%. The ex-dividend date was Monday, June 9th. Canadian National Railway's dividend payout ratio is currently 50.49%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CNI. Jefferies Financial Group decreased their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Evercore ISI reduced their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Raymond James Financial downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Barclays upped their price target on shares of Canadian National Railway from $101.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Stephens upped their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway has a consensus rating of "Moderate Buy" and an average price target of $120.86.

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.

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