Greenland Capital Management LP Invests $1.52 Million in Canadian National Railway (NYSE:CNI)

Greenland Capital Management LP bought a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 15,000 shares of the transportation company’s stock, valued at approximately $1,523,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway in the 4th quarter worth about $30,000. Addison Advisors LLC boosted its stake in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNI. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.36.

Canadian National Railway Trading Down 1.7 %

Canadian National Railway stock opened at $94.84 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a fifty-two week low of $92.58 and a fifty-two week high of $132.27. The stock has a market cap of $59.60 billion, a P/E ratio of 18.52, a PEG ratio of 1.95 and a beta of 0.93. The firm’s fifty day moving average price is $100.22 and its 200-day moving average price is $105.61.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.60%. Canadian National Railway’s payout ratio is presently 47.66%.

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.