Vestor Capital LLC Purchases 93,021 Shares of Canadian National Railway Company $CNI

Key Points

• Vestor Capital sharply increased its Canadian National Railway position in Q3, buying 93,021 shares to reach 94,486 shares valued at about $11.2 million.
• Institutional investors own 80.74% of the company’s stock. Analysts’ consensus rating is “Hold,” with an average price target of $138.76.
• Canadian National reported quarterly EPS of $1.54, beating estimates of $1.49, and revenue of $3.35 billion versus a $3.27 billion consensus. It also declared a quarterly dividend of C$0.92 per share.

Vestor Capital LLC lifted its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 6,349.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,486 shares of the transportation company's stock after acquiring an additional 93,021 shares during the quarter. Vestor Capital LLC's holdings in Canadian National Railway were worth $11,234,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Candriam S.C.A. increased its stake in shares of Canadian National Railway by 4.5% in the 3rd quarter. Candriam S.C.A. now owns 21,945 shares of the transportation company's stock valued at $2,628,000 after purchasing an additional 955 shares in the last quarter. Ethic Inc. grew its holdings in Canadian National Railway by 47.0% in the third quarter. Ethic Inc. now owns 21,410 shares of the transportation company's stock valued at $2,546,000 after purchasing an additional 6,841 shares during the period. CenterBook Partners LP raised its stake in shares of Canadian National Railway by 81.2% during the 3rd quarter. CenterBook Partners LP now owns 12,549 shares of the transportation company's stock worth $1,492,000 after buying an additional 5,625 shares during the period. Kestra Advisory Services LLC lifted its position in shares of Canadian National Railway by 2.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,214 shares of the transportation company's stock valued at $1,928,000 after buying an additional 359 shares in the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Canadian National Railway during the 3rd quarter valued at approximately $181,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CNI shares. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Citigroup increased their price objective on shares of Canadian National Railway from $143.00 to $145.00 and gave the company a "buy" rating in a report on Monday, November 2nd. Wells Fargo & Company lifted their target price on shares of Canadian National Railway from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Bank of America cut their target price on shares of Canadian National Railway from $146.00 to $143.00 and set a "buy" rating for the company in a research note on Wednesday, September 23rd. Finally, Argus reiterated a "hold" rating on shares of Canadian National Railway in a research note on Monday, August 31st. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of "Hold" and an average target price of $138.76.

Canadian National Railway Price Performance

CNI stock opened at $127.05 on Tuesday. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $131.55. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.82 and a quick ratio of 0.61. The firm has a market capitalization of $76.55 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.90. The business has a 50 day simple moving average of $121.60 and a 200-day simple moving average of $116.19.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Friday, October 30th. The transportation company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.05. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.27 billion. Canadian National Railway had a return on equity of 22.82% and a net margin of 26.42%. The firm's revenue for the quarter was down 99.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. Equities research analysts anticipate that Canadian National Railway Company will post 5.85 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 9th will be issued a dividend of C$0.92 per share. This represents a $3.66 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, December 9th. Canadian National Railway's payout ratio is currently 45.30%.

Canadian National Railway Company Profile

Canadian National Railway, commonly known as CN, is a North American transportation and logistics company that operates a freight rail network connecting Canada's Atlantic, Pacific and Gulf coasts with the United States. Its network serves customers across Canada and the U.S. Midwest and South.

CN transports a range of commodities and manufactured goods, including intermodal shipments, grain and fertilizers, petroleum and chemicals, forest products, metals and minerals, and finished vehicles.

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