Militia Capital Partners LP Purchases 12,514 Shares of Canadian National Railway Company $CNI

Key Points

• Militia Capital Partners LP significantly increased its stake in Canadian National Railway Company by 174.1%, owning 19,700 shares valued at approximately $1.92 million.
• Canadian National Railway reported a net margin of 26.63% and a quarterly earnings miss with EPS of $1.35, falling short of the $1.37 consensus estimate.
• The company is set to increase its quarterly dividend to $0.6507 per share, up from $0.62, reflecting a 2.8% yield for investors.

Militia Capital Partners LP boosted its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 174.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,700 shares of the transportation company's stock after acquiring an additional 12,514 shares during the period. Canadian National Railway accounts for about 1.5% of Militia Capital Partners LP's portfolio, making the stock its 17th biggest position. Militia Capital Partners LP's holdings in Canadian National Railway were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. bought a new position in shares of Canadian National Railway in the 1st quarter valued at $32,000. Bruce G. Allen Investments LLC increased its stake in shares of Canadian National Railway by 44.2% in the 1st 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 during the last quarter. CX Institutional bought a new position in shares of Canadian National Railway in the 1st quarter valued at $39,000. Brooklyn Investment Group increased its stake in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after purchasing an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CNI shares. Wells Fargo & Company cut their price objective on Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Citigroup cut their price objective on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Argus raised Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Finally, National Bank Financial downgraded Canadian National Railway from an "outperform" rating to a "sector perform" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Hold" and an average price target of $118.36.

Canadian National Railway Trading Down 0.5%

Shares of NYSE:CNI traded down $0.44 during midday trading on Wednesday, reaching $95.21. The company's stock had a trading volume of 388,915 shares, compared to its average volume of 1,529,163. The firm has a market capitalization of $59.10 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a 50 day moving average price of $96.33 and a two-hundred day moving average price of $99.44. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $119.61.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) 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 analyst estimates of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be paid a $0.6507 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is presently 50.19%.

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.