Eisler Capital Management Ltd. Has $24.71 Million Holdings in Canadian National Railway Company $CNI

Key Points

• Eisler Capital Management Ltd. significantly increased its holdings in Canadian National Railway Company by 69.3% during the first quarter, now owning $24.71 million in shares.
• Canadian National Railway announced a quarterly dividend increase to $0.6507 per share, yielding 2.7%, with the new dividend set to be paid on September 29th.
• Wall Street analysts hold a mostly positive outlook on the stock, with a consensus rating of "Hold" and an average price target of $118.36.

Eisler Capital Management Ltd. boosted its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 69.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 253,620 shares of the transportation company's stock after buying an additional 103,848 shares during the quarter. Canadian National Railway makes up 0.2% of Eisler Capital Management Ltd.'s holdings, making the stock its 11th biggest holding. Eisler Capital Management Ltd.'s holdings in Canadian National Railway were worth $24,705,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CNI. Dagco Inc. acquired a new stake in shares of Canadian National Railway during the first quarter valued at about $32,000. Bruce G. Allen Investments LLC boosted its stake in shares of Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after purchasing an additional 106 shares in the last quarter. CX Institutional acquired a new stake in shares of Canadian National Railway during the first quarter valued at about $39,000. Brooklyn Investment Group boosted its stake in shares of Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. Finally, Dunhill Financial LLC boosted its stake in shares of Canadian National Railway by 1,020.0% during the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after purchasing an additional 510 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of 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 note on Friday, May 30th. Argus raised Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. National Bank Financial lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Stephens lifted their price target on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a research report on Thursday, July 17th. Two equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $118.36.

Canadian National Railway Price Performance

Shares of CNI opened at $96.58 on Wednesday. The company has a market capitalization of $60.29 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94. The business has a 50-day moving average of $98.77 and a 200-day moving average of $100.11. 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 issued its earnings results 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%.The company's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 earnings per share. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be issued a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. Canadian National Railway's dividend payout ratio is presently 49.81%.

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.

Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.