Breed s Hill Capital LLC Takes Position in Canadian National Railway (NYSE:CNI)

Breed s Hill Capital LLC bought a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,870 shares of the transportation company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in Canadian National Railway by 33.5% in the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock valued at $1,300,000 after buying an additional 3,011 shares during the period. Spire Wealth Management lifted its holdings in shares of Canadian National Railway by 5.0% during the 3rd quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 219 shares in the last quarter. YCG LLC increased its holdings in Canadian National Railway by 6.0% in the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock valued at $31,418,000 after purchasing an additional 14,249 shares in the last quarter. Manning & Napier Group LLC increased its stake in Canadian National Railway by 7.5% during the 4th quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock worth $84,171,000 after buying an additional 46,517 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in Canadian National Railway in the 3rd quarter valued at about $1,266,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Susquehanna increased their price target on Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. CIBC lowered shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 price objective for the company. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Finally, Stephens reissued an “equal weight” rating and issued a $140.00 price objective on shares of Canadian National Railway in a report on Wednesday, April 24th. Seventeen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $149.05.

Canadian National Railway Stock Performance

Shares of CNI traded up $1.40 during trading hours on Thursday, reaching $127.25. 1,066,992 shares of the company’s stock traded hands, compared to its average volume of 1,014,825. The firm has a market capitalization of $81.27 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.21 and a beta of 0.89. The business’s fifty day simple moving average is $128.42 and its two-hundred day simple moving average is $123.34. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a yield of 1.96%. Canadian National Railway’s dividend payout ratio (DPR) is 39.71%.

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.