GAMMA Investing LLC Has $6.82 Million Stock Position in Canadian National Railway (NYSE:CNI)

GAMMA Investing LLC boosted its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 12,692.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,976 shares of the transportation company's stock after buying an additional 69,429 shares during the quarter. GAMMA Investing LLC's holdings in Canadian National Railway were worth $6,820,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $30,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $52,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNI. Barclays lowered their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Evercore ISI reduced their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Susquehanna raised shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target for the company in a research note on Tuesday, May 6th. Raymond James lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Bank of America increased their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.36.

Canadian National Railway Stock Down 1.4%

Canadian National Railway stock traded down $1.49 during trading hours on Friday, hitting $103.76. The company had a trading volume of 1,046,949 shares, compared to its average volume of 1,338,879. The firm has a market capitalization of $65.21 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm's fifty day moving average is $101.71 and its 200-day moving average is $101.99. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $123.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the business posted $1.72 EPS. Canadian National Railway's quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.8875 per share. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. This represents a dividend yield of 2.47%. Canadian National Railway's dividend payout ratio is 50.29%.

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.