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

SG Americas Securities LLC increased its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 60.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,729 shares of the transportation company's stock after acquiring an additional 3,671 shares during the quarter. SG Americas Securities LLC's holdings in Canadian National Railway were worth $948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CNI. Vontobel Holding Ltd. boosted its stake in Canadian National Railway by 4.4% during the fourth quarter. Vontobel Holding Ltd. now owns 3,933 shares of the transportation company's stock worth $399,000 after acquiring an additional 167 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Canadian National Railway by 20.3% in the fourth quarter. D.A. Davidson & CO. now owns 2,379 shares of the transportation company's stock valued at $242,000 after buying an additional 401 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Canadian National Railway in the fourth quarter valued at $59,000. Lorne Steinberg Wealth Management Inc. lifted its stake in shares of Canadian National Railway by 15.1% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 61,119 shares of the transportation company's stock valued at $6,200,000 after buying an additional 8,002 shares in the last quarter. Finally, Cumberland Partners Ltd lifted its stake in shares of Canadian National Railway by 0.3% in the fourth quarter. Cumberland Partners Ltd now owns 279,115 shares of the transportation company's stock valued at $28,279,000 after buying an additional 702 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

CNI stock opened at $101.77 on Thursday. Canadian National Railway Company has a 12 month low of $91.65 and a 12 month high of $123.96. The firm has a market capitalization of $63.90 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $102.31 and a 200-day moving average of $101.77.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results 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. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 earnings per share. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid 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 dividend yield of 2.47%. Canadian National Railway's dividend payout ratio (DPR) is 50.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $163.00 target price on shares of Canadian National Railway in a report on Thursday, June 5th. Bank of America raised their price objective on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Stephens raised their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Barclays decreased their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.36.

Canadian National Railway 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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