SG Americas Securities LLC Purchases 3,671 Shares of Canadian National Railway Company (NYSE:CNI)

SG Americas Securities LLC lifted its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 60.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,729 shares of the transportation company's stock after purchasing an additional 3,671 shares during the period. SG Americas Securities LLC's holdings in Canadian National Railway were worth $948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in Canadian National Railway in the 4th quarter worth about $563,048,000. Royal Bank of Canada increased its position in shares of Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after acquiring an additional 1,934,622 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Canadian National Railway by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock worth $557,278,000 after acquiring an additional 1,380,554 shares in the last quarter. Capital International Investors raised its holdings in shares of Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after acquiring an additional 1,341,133 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Canadian National Railway by 29.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock valued at $488,488,000 after acquiring an additional 1,102,977 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

NYSE CNI traded up $0.04 during trading on Friday, hitting $101.89. The company's stock had a trading volume of 1,114,033 shares, compared to its average volume of 1,324,089. Canadian National Railway Company has a 52 week low of $91.65 and a 52 week high of $123.96. The firm has a market cap of $63.98 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. The firm has a 50 day moving average price of $102.48 and a 200 day moving average price of $101.60. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.88.

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, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. Canadian National Railway's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $1.72 earnings per share. Equities research analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Canadian National Railway's previous dividend of $0.29. This represents a yield of 2.47%. Canadian National Railway's dividend payout ratio (DPR) is 50.49%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Evercore ISI lowered their price objective on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $163.00 price target on shares of Canadian National Railway in a report on Thursday, June 5th. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a research report on Tuesday, May 6th. Stifel Nicolaus dropped their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus price target of $120.36.

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.