HL Financial Services LLC Has $415,000 Position in Canadian National Railway (CNI)

HL Financial Services LLC grew its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.2% in the first quarter, HoldingsChannel.com reports. The fund owned 4,643 shares of the transportation company’s stock after buying an additional 393 shares during the period. HL Financial Services LLC’s holdings in Canadian National Railway were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in CNI. Sontag Advisory LLC bought a new position in shares of Canadian National Railway in the 4th quarter valued at about $26,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Canadian National Railway in the 4th quarter valued at about $30,000. Brand Asset Management Group Inc. bought a new position in shares of Canadian National Railway in the 1st quarter valued at about $36,000. Somerset Trust Co grew its position in shares of Canadian National Railway by 158.6% in the 1st quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 268 shares during the period. Finally, Bremer Trust National Association bought a new position in shares of Canadian National Railway in the 4th quarter valued at about $42,000. 55.26% of the stock is owned by institutional investors.

NYSE CNI opened at $92.41 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 0.69. The stock has a market cap of $67.17 billion, a PE ratio of 22.21, a P/E/G ratio of 1.89 and a beta of 1.07. Canadian National Railway has a 52-week low of $70.36 and a 52-week high of $94.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Monday, April 29th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.28. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Canadian National Railway will post 4.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.3982 dividend. This represents a $1.59 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 6th. Canadian National Railway’s dividend payout ratio (DPR) is 38.46%.

A number of research analysts have recently commented on the stock. Stephens lifted their price objective on shares of Canadian National Railway from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Desjardins downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $90.32 price objective for the company. in a research report on Friday, April 12th. Credit Suisse Group upgraded shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $95.00 in a research note on Tuesday, January 15th. Citigroup raised their target price on shares of Canadian National Railway from $87.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Macquarie restated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, March 28th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Canadian National Railway has a consensus rating of “Hold” and an average price target of $96.81.

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About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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