PBU The Pension Fund of Early Childhood & Youth Educators Purchases New Position in Canadian National Railway Company $CNI

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 124,802 shares of the transportation company’s stock, valued at approximately $12,359,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Canadian National Railway by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock valued at $2,437,679,000 after purchasing an additional 346,670 shares during the last quarter. Bank of Montreal Can raised its position in Canadian National Railway by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock valued at $1,338,948,000 after purchasing an additional 42,907 shares during the last quarter. Caisse de depot et placement du Quebec raised its position in Canadian National Railway by 1.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock valued at $1,310,600,000 after purchasing an additional 157,000 shares during the last quarter. Lazard Asset Management LLC raised its position in Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after purchasing an additional 8,954,310 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Canadian National Railway by 0.4% in the 3rd quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock valued at $813,287,000 after purchasing an additional 35,938 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.8%

CNI stock opened at $120.50 on Friday. The company has a market cap of $73.23 billion, a P/E ratio of 21.91, a PEG ratio of 2.29 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $111.57 and a 200-day moving average of $104.63.

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, hitting analysts’ consensus estimates of $1.31. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 earnings per share. As a group, equities research analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CNI. Royal Bank Of Canada lifted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Citigroup lifted their price objective on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein lifted their price objective on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Barclays lifted their price objective on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Company 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.