Canadian National Railway Company $CNI Stake Boosted by Capital International Sarl

Capital International Sarl grew its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,665 shares of the transportation company’s stock after acquiring an additional 5,970 shares during the period. Capital International Sarl’s holdings in Canadian National Railway were worth $9,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Canadian National Railway by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock worth $2,437,679,000 after purchasing an additional 346,670 shares in the last quarter. Bank of Montreal Can boosted its holdings in Canadian National Railway by 0.3% in the third quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock worth $1,338,948,000 after purchasing an additional 42,907 shares in the last quarter. Caisse de depot et placement du Quebec boosted its holdings in Canadian National Railway by 1.1% in the third quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after purchasing an additional 157,000 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Canadian National Railway by 639,137.0% in the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after purchasing an additional 8,954,310 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Canadian National Railway by 0.4% in the third quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock worth $813,287,000 after purchasing an additional 35,938 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNI has been the subject of a number of recent research reports. Weiss Ratings cut shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Barclays upped their price target on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Stock Up 0.1%

CNI stock opened at $120.50 on Monday. The company has a 50-day moving average of $111.57 and a two-hundred day moving average of $104.70. The stock has a market capitalization of $73.23 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the company earned $1.85 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.73%.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.