Canadian National Railway (NYSE:CNI) Position Lifted by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV raised its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.4% during the first quarter, HoldingsChannel reports. The fund owned 22,141 shares of the transportation company’s stock after acquiring an additional 310 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Canadian National Railway were worth $2,916,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. PDS Planning Inc lifted its position in shares of Canadian National Railway by 2.0% in the 4th quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock worth $574,000 after buying an additional 89 shares during the last quarter. First Foundation Advisors lifted its position in shares of Canadian National Railway by 0.9% in the 3rd quarter. First Foundation Advisors now owns 12,852 shares of the transportation company’s stock worth $1,392,000 after buying an additional 111 shares during the last quarter. Capital International Ltd. CA lifted its position in shares of Canadian National Railway by 0.5% in the 4th quarter. Capital International Ltd. CA now owns 23,455 shares of the transportation company’s stock worth $2,950,000 after buying an additional 113 shares during the last quarter. Hall Laurie J Trustee lifted its position in shares of Canadian National Railway by 0.4% in the 4th quarter. Hall Laurie J Trustee now owns 28,717 shares of the transportation company’s stock worth $3,608,000 after buying an additional 120 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Canadian National Railway by 1.1% in the 4th quarter. Signaturefd LLC now owns 10,862 shares of the transportation company’s stock worth $1,365,000 after buying an additional 123 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

NYSE:CNI opened at $119.10 on Thursday. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $123.40 and a 200-day moving average of $126.20. The firm has a market cap of $75.57 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.16 billion. Analysts forecast that Canadian National Railway will post 5.89 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a dividend of $0.625 per share. The ex-dividend date was Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.10%. Canadian National Railway’s dividend payout ratio (DPR) is 39.08%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Canadian National Railway in a report on Friday, June 7th. They issued an “equal weight” rating and a $130.00 price objective on the stock. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. StockNews.com cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Stephens reaffirmed an “equal weight” rating and issued a $140.00 price objective on shares of Canadian National Railway in a report on Wednesday, April 24th. Finally, National Bank Financial raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Eighteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $148.95.

Canadian National Railway Company 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.