Pennsylvania Trust Co Has $1.90 Million Position in Canadian National Railway (CNI)

Pennsylvania Trust Co decreased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,183 shares of the transportation company’s stock after selling 2,695 shares during the quarter. Pennsylvania Trust Co’s holdings in Canadian National Railway were worth $1,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Canadian National Railway during the 1st quarter valued at $117,000. Private Capital Group LLC lifted its stake in shares of Canadian National Railway by 913.9% during the 1st quarter. Private Capital Group LLC now owns 1,673 shares of the transportation company’s stock valued at $122,000 after buying an additional 1,508 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Canadian National Railway by 73.7% during the 1st quarter. Assetmark Inc. now owns 1,947 shares of the transportation company’s stock valued at $142,000 after buying an additional 826 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in shares of Canadian National Railway during the 2nd quarter valued at $165,000. Finally, Security National Bank of SO Dak purchased a new position in shares of Canadian National Railway during the 2nd quarter valued at $201,000. Institutional investors own 53.99% of the company’s stock.

Shares of NYSE CNI opened at $85.86 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a market capitalization of $65.79 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.26 and a beta of 1.03. Canadian National Railway has a 52-week low of $70.59 and a 52-week high of $91.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.46. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm posted $1.34 EPS. Canadian National Railway’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Canadian National Railway will post 4.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were issued a $0.3429 dividend. The ex-dividend date was Thursday, September 6th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 1.60%. Canadian National Railway’s dividend payout ratio (DPR) is presently 35.94%.

A number of research analysts recently weighed in on CNI shares. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Monday, July 30th. BMO Capital Markets downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 5th. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and issued a $98.00 price target on shares of Canadian National Railway in a report on Wednesday, July 25th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, September 25th. Finally, Loop Capital reiterated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 25th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Canadian National Railway currently has an average rating of “Buy” and a consensus target price of $91.98.

Canadian National Railway Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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