Lion Street Advisors LLC Makes New Investment in Canadian National Railway (NYSE:CNI)

Lion Street Advisors LLC bought a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,956 shares of the transportation company’s stock, valued at approximately $231,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in shares of Canadian National Railway in the 4th quarter worth $769,556,000. Canoe Financial LP raised its position in shares of Canadian National Railway by 8,401.1% in the 4th quarter. Canoe Financial LP now owns 4,007,186 shares of the transportation company’s stock worth $503,423,000 after acquiring an additional 3,960,049 shares in the last quarter. Capital International Investors raised its position in shares of Canadian National Railway by 63.2% in the 4th quarter. Capital International Investors now owns 7,623,561 shares of the transportation company’s stock worth $957,845,000 after acquiring an additional 2,951,506 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Canadian National Railway by 92.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock worth $593,911,000 after acquiring an additional 2,163,820 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Canadian National Railway by 9.6% during the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after buying an additional 1,907,938 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Stephens reduced their target price on Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus reduced their target price on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Susquehanna reduced their target price on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays reduced their target price on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Sixteen analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $138.35.

Canadian National Railway Stock Performance

Shares of CNI traded down $0.43 during mid-day trading on Friday, reaching $110.83. The company had a trading volume of 892,293 shares, compared to its average volume of 1,089,270. The stock has a market capitalization of $70.09 billion, a P/E ratio of 17.68, a PEG ratio of 2.27 and a beta of 0.89. The stock has a 50 day moving average of $118.58 and a two-hundred day moving average of $124.63. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 EPS. On average, analysts expect that Canadian National Railway will post 5.64 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.614 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.22%. Canadian National Railway’s dividend payout ratio is currently 39.07%.

Canadian National Railway 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.