Legacy Wealth Asset Management LLC Raises Stake in Canadian National Railway (NYSE:CNI)

Legacy Wealth Asset Management LLC raised its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 46.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,615 shares of the transportation company's stock after buying an additional 5,585 shares during the period. Legacy Wealth Asset Management LLC's holdings in Canadian National Railway were worth $1,717,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CNI. Pacifica Partners Inc. increased its position in shares of Canadian National Railway by 2.1% during the first quarter. Pacifica Partners Inc. now owns 20,518 shares of the transportation company's stock worth $2,016,000 after acquiring an additional 431 shares during the period. GAMMA Investing LLC grew its stake in Canadian National Railway by 12,692.7% during the 1st quarter. GAMMA Investing LLC now owns 69,976 shares of the transportation company's stock worth $6,820,000 after purchasing an additional 69,429 shares in the last quarter. Versant Capital Management Inc increased its holdings in Canadian National Railway by 2,044.7% during the 1st quarter. Versant Capital Management Inc now owns 2,016 shares of the transportation company's stock worth $196,000 after purchasing an additional 1,922 shares during the period. Legacy Wealth Management LLC MS acquired a new stake in Canadian National Railway in the 1st quarter valued at about $326,000. Finally, Rempart Asset Management Inc. raised its position in Canadian National Railway by 2.2% in the 1st quarter. Rempart Asset Management Inc. now owns 191,091 shares of the transportation company's stock valued at $18,604,000 after purchasing an additional 4,185 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI traded up $1.01 during mid-day trading on Tuesday, hitting $105.90. 1,248,801 shares of the company's stock were exchanged, compared to its average volume of 1,325,790. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $127.89. The business's 50 day moving average is $100.52 and its two-hundred day moving average is $102.10. The firm has a market capitalization of $66.56 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $4.38 billion. During the same period in the previous year, the company posted $1.72 EPS. Canadian National Railway's revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a yield of 2.47%. This is an increase from Canadian National Railway's previous dividend of $0.29. Canadian National Railway's dividend payout ratio (DPR) is presently 47.95%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday. Royal Bank of Canada decreased their price target on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Stephens raised their target price on 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. Finally, Stifel Nicolaus lowered their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $119.52.

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.