Syon Capital LLC Buys 1,145 Shares of Canadian National Railway (NYSE:CNI)

Syon Capital LLC grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 19.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,111 shares of the transportation company’s stock after acquiring an additional 1,145 shares during the period. Syon Capital LLC’s holdings in Canadian National Railway were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CNI. Cumberland Partners Ltd grew its stake in shares of Canadian National Railway by 2.4% in the fourth quarter. Cumberland Partners Ltd now owns 241,700 shares of the transportation company’s stock valued at $30,365,000 after acquiring an additional 5,775 shares in the last quarter. Lorne Steinberg Wealth Management Inc. grew its stake in Canadian National Railway by 2.7% during the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 47,820 shares of the transportation company’s stock worth $6,012,000 after buying an additional 1,271 shares in the last quarter. PDS Planning Inc grew its stake in Canadian National Railway by 2.0% during the fourth quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock worth $574,000 after buying an additional 89 shares in the last quarter. RWA Wealth Partners LLC acquired a new stake in Canadian National Railway during the fourth quarter worth about $4,718,000. Finally, Stock Yards Bank & Trust Co. grew its stake in Canadian National Railway by 9.5% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,300 shares of the transportation company’s stock worth $289,000 after buying an additional 200 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Up 0.4 %

Shares of NYSE CNI traded up $0.45 during midday trading on Friday, reaching $125.23. The stock had a trading volume of 843,551 shares, compared to its average volume of 1,022,433. The firm has a market cap of $79.98 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.88. 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 quick ratio of 0.47 and a current ratio of 0.60. The company’s 50 day moving average price is $129.58 and its 200 day moving average price is $122.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. As a group, sell-side analysts expect that Canadian National Railway will post 5.93 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.00%. Canadian National Railway’s payout ratio is 39.71%.

Analysts Set New Price Targets

CNI has been the topic of a number of analyst reports. Barclays increased 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. Susquehanna raised their price target on shares of Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday. Finally, Jefferies Financial Group started coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price target on the stock. Eighteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.60.

Canadian National Railway Company 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.