AE Wealth Management LLC Invests $241,000 in Canadian National Railway (NYSE:CNI)

view original post

AE Wealth Management LLC acquired a new position in Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,794 shares of the transportation company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Congress Wealth Management LLC DE purchased a new stake in shares of Canadian National Railway in the fourth quarter worth $378,000. Howland Capital Management LLC bought a new position in shares of Canadian National Railway during the fourth quarter worth $209,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Canadian National Railway by 0.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 717,901 shares of the transportation company’s stock worth $87,487,000 after acquiring an additional 1,904 shares during the last quarter. Tyler Stone Wealth Management bought a new position in shares of Canadian National Railway during the fourth quarter worth $30,000. Finally, Atria Investments LLC boosted its position in shares of Canadian National Railway by 7.8% during the fourth quarter. Atria Investments LLC now owns 17,976 shares of the transportation company’s stock worth $2,208,000 after acquiring an additional 1,306 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on CNI. National Bank Financial lowered their price objective on shares of Canadian National Railway from C$172.00 to C$168.00 in a research report on Friday, April 8th. Scotiabank lowered shares of Canadian National Railway from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, July 7th. CIBC upgraded shares of Canadian National Railway from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, June 2nd. Credit Suisse Group began coverage on shares of Canadian National Railway in a research report on Monday, June 27th. They set a “neutral” rating and a $122.00 price objective for the company. Finally, Raymond James lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Friday, April 22nd. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.00.

CNI stock opened at $110.69 on Wednesday. The company has a market capitalization of $76.04 billion, a PE ratio of 20.35, a P/E/G ratio of 1.96 and a beta of 0.81. Canadian National Railway has a 12 month low of $100.66 and a 12 month high of $137.19. The firm’s 50-day moving average is $112.57 and its 200 day moving average is $120.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.84 and a quick ratio of 0.67.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last posted its quarterly earnings results on Tuesday, April 26th. The transportation company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.04). The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Canadian National Railway had a return on equity of 19.71% and a net margin of 33.00%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. Sell-side analysts forecast that Canadian National Railway will post 5.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 9th were paid a $0.586 dividend. This represents a $2.34 annualized dividend and a yield of 2.12%. The ex-dividend date was Wednesday, June 8th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is currently 42.65%.

Canadian National Railway Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company’s portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

Further Reading

Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR).

Receive News & Ratings for Canadian National Railway Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Canadian National Railway and related companies with MarketBeat.com’s FREE daily email newsletter.