Cardinal Capital Management Inc. Has $149.38 Million Stake in Canadian National Railway Company $CNI

Cardinal Capital Management Inc. boosted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 5.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,254,252 shares of the transportation company’s stock after acquiring an additional 68,791 shares during the quarter. Canadian National Railway comprises 3.6% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. Cardinal Capital Management Inc.’s holdings in Canadian National Railway were worth $149,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ausbil Investment Management Ltd raised its stake in shares of Canadian National Railway by 20.7% in the 2nd quarter. Ausbil Investment Management Ltd now owns 56,806 shares of the transportation company’s stock valued at $6,767,000 after purchasing an additional 9,737 shares during the period. Fulton Bank N.A. acquired a new position in shares of Canadian National Railway during the second quarter worth about $209,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Canadian National Railway during the second quarter worth about $226,000. Revolve Wealth Partners LLC bought a new position in shares of Canadian National Railway during the second quarter worth about $502,000. Finally, Focus Financial Network Inc. bought a new position in shares of Canadian National Railway during the second quarter worth about $221,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CNI shares. Bank of America lifted their target price on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada raised their price target on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective on the stock in a report on Thursday, June 25th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $137.40.

Canadian National Railway Trading Up 0.8%

Canadian National Railway stock opened at $126.16 on Wednesday. The company has a market cap of $76.45 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 2.33 and a beta of 0.95. The firm has a 50-day moving average of $122.76 and a 200-day moving average of $113.12. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. Canadian National Railway Company has a one year low of $90.74 and a one year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. Canadian National Railway’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Canadian National Railway Company will post 5.8 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.34%.

Canadian National Railway News Roundup

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Zacks Research raised several forward earnings estimates. The firm lifted its Q2 2027 EPS forecast to $1.57 from $1.54, Q3 2027 to $1.60 from $1.55, Q1 2028 to $1.66 from $1.65, and Q2 2028 to $1.63 from $1.60. Its FY2028 forecast increased to $6.98 from $6.84, suggesting improved expectations for Canadian National Railway’s longer-term earnings growth. What is Zacks Research’s Forecast for CNI Q3 Earnings?
• Neutral Sentiment: Near-term estimates were mixed. Zacks raised its Q2 2028 forecast but reduced its Q4 2026 EPS estimate to $1.55 from $1.57. The changes leave the current-year consensus at $5.80 per share, indicating limited immediate earnings impact but a somewhat stronger outlook beyond 2026.
• Negative Sentiment: Short interest rose sharply in July. Shares sold short reached 4.65 million as of July 31, up 54.2% from mid-July. Short interest still represents only about 0.8% of shares outstanding, with 2.6 days to cover, so the data signals increased bearish positioning but not an extreme short-squeeze setup.

About Canadian National Railway

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.