Pembroke Management LTD Purchases 1,473 Shares of Canadian National Railway (NYSE:CNI)

Pembroke Management LTD increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 36.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,493 shares of the transportation company’s stock after buying an additional 1,473 shares during the period. Pembroke Management LTD’s holdings in Canadian National Railway were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth $26,000. Addison Advisors LLC grew its position in shares of Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares during the period. Fortitude Family Office LLC increased its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway in the 3rd quarter valued at approximately $41,000. 80.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CNI. Barclays upped their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Susquehanna lowered their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Sanford C. Bernstein dropped their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price for the company in a research note on Monday, October 7th. Finally, The Goldman Sachs Group dropped their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $125.18.

Canadian National Railway Trading Up 0.3 %

NYSE CNI opened at $108.21 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12 month low of $107.56 and a 12 month high of $134.02. The stock has a 50 day moving average of $115.40 and a 200-day moving average of $118.76. The company has a market cap of $68.04 billion, a PE ratio of 17.34, a PEG ratio of 2.42 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.6108 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.26%. Canadian National Railway’s payout ratio is 39.90%.

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.