Park Avenue Securities LLC Invests $379,000 in Canadian National Railway Company $CNI

Key Points

• Park Avenue Securities LLC has made a significant investment of $379,000 in Canadian National Railway Company, acquiring 3,647 shares during the 2nd quarter.
• The Canadian National Railway reported a decline in revenue by 1.3% for the quarter, with an EPS of $1.35, falling short of analysts' expectations.
• The company recently increased its dividend to $0.6507 per share, reflecting a 2.8% yield and indicating positive cash flow management.

Park Avenue Securities LLC acquired a new position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,647 shares of the transportation company's stock, valued at approximately $379,000.

Other institutional investors have also recently made changes to their positions in the company. Dagco Inc. bought a new stake in Canadian National Railway during the 1st quarter valued at approximately $32,000. Bruce G. Allen Investments LLC raised its stake in 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 purchasing an additional 106 shares during the period. CX Institutional bought a new stake in Canadian National Railway during the 1st quarter valued at approximately $39,000. Brooklyn Investment Group raised its stake in 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 purchasing an additional 333 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company's stock valued at $58,000 after purchasing an additional 167 shares during the period. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $94.29 on Wednesday. The stock has a market cap of $58.53 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.16 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 stock has a 50 day moving average price of $94.41 and a 200-day moving average price of $99.08. Canadian National Railway Company has a one year low of $91.07 and a one year high of $117.42.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 EPS. Equities analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were issued a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is presently 50.19%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CNI shares. Citigroup decreased their target price on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Evercore ISI downgraded Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price on the stock. in a research note on Wednesday, July 23rd. Susquehanna cut their price target on Canadian National Railway from $120.00 to $115.00 and set a "positive" rating for the company in a report on Thursday, September 25th. Finally, Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of "Hold" and an average price target of $116.86.

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.

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