Canadian National Railway Company $CNI Shares Acquired by Guardian Partners Inc.

Key Points

• Guardian Partners Inc. increased its holdings in Canadian National Railway Company by 2.3%, owning 234,478 shares valued at approximately $22.13 million, making it the 8th largest position in their portfolio.
• In the most recent earnings report, Canadian National Railway missed EPS estimates, posting $1.35, down from $1.84 year-over-year, with revenues declining by 1.3%.
• The company announced a quarterly dividend increase to $0.6507 per share, representing an annualized yield of 2.7%.

Guardian Partners Inc. lifted its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,478 shares of the transportation company's stock after buying an additional 5,246 shares during the quarter. Canadian National Railway makes up about 2.3% of Guardian Partners Inc.'s holdings, making the stock its 8th biggest holding. Guardian Partners Inc.'s holdings in Canadian National Railway were worth $22,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Dagco Inc. purchased a new stake in Canadian National Railway during the 1st quarter valued at about $32,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after acquiring an additional 106 shares during the last quarter. CX Institutional purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at about $39,000. Brooklyn Investment Group boosted its holdings in shares of Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Canadian National Railway by 31.3% during the 1st 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 last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Susquehanna decreased their target price on shares of Canadian National Railway from $122.00 to $120.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Stock Performance

Canadian National Railway stock traded down $0.39 during mid-day trading on Friday, hitting $93.54. The company had a trading volume of 851,403 shares, compared to its average volume of 1,532,845. 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 12-month low of $91.07 and a 12-month high of $121.12. The company's fifty day moving average is $96.93 and its 200-day moving average is $99.57. The company has a market capitalization of $58.39 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 2.12 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate 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 company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The company's revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed 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. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's payout ratio is 50.19%.

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.