Ycg LLC Grows Stock Position in Canadian National Railway (NYSE:CNI)

YCG LLC raised its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,085 shares of the transportation company's stock after acquiring an additional 14,249 shares during the quarter. Canadian National Railway makes up 2.6% of YCG LLC's portfolio, making the stock its 20th biggest position. YCG LLC's holdings in Canadian National Railway were worth $31,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Tyler Stone Wealth Management acquired a new stake in shares of Canadian National Railway in the 2nd quarter worth about $30,000. JFS Wealth Advisors LLC increased its stake in shares of Canadian National Railway by 241.1% in the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company's stock worth $35,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company's stock valued at $40,000 after buying an additional 202 shares during the last quarter. Rational Advisors LLC acquired a new stake in Canadian National Railway in the third quarter valued at approximately $41,000. Finally, Crewe Advisors LLC bought a new stake in Canadian National Railway in the third quarter worth $43,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI traded down $0.96 during mid-day trading on Friday, hitting $128.47. 767,929 shares of the company's stock were exchanged, compared to its average volume of 1,000,789. The firm has a market cap of $82.26 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The stock's 50-day simple moving average is $129.72 and its 200-day simple moving average is $120.89. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, equities research analysts expect that Canadian National Railway will post 5.96 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a $0.638 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 1.99%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, March 6th. Canadian National Railway's dividend payout ratio (DPR) is presently 39.59%.

Wall Street Analysts Forecast Growth

CNI has been the topic of several analyst reports. Susquehanna lowered their price target on Canadian National Railway from $143.00 to $140.00 and set a "neutral" rating on the stock in a report on Thursday, March 28th. Stephens raised their price target on Canadian National Railway from $122.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, January 4th. Citigroup upped their price target on Canadian National Railway from $121.00 to $128.00 and gave the stock a "neutral" rating in a report on Wednesday, January 24th. Barclays raised their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 4th. Finally, Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research note on Wednesday. Eighteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $147.52.

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.