Canadian National Railway Company $CNI Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 27.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,481,206 shares of the transportation company’s stock after acquiring an additional 976,324 shares during the quarter. Clearbridge Investments LLC’s holdings in Canadian National Railway were worth $442,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. High Point Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the 4th quarter valued at approximately $27,000. Curio Wealth LLC acquired a new stake in shares of Canadian National Railway during the 4th quarter valued at approximately $31,000. Costello Asset Management INC raised its position in shares of Canadian National Railway by 83.3% during the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Canadian National Railway during the 4th quarter valued at approximately $39,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Canadian National Railway during the 3rd quarter valued at approximately $51,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup upped their price target 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. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $117.00 to $122.00 in a research note on Thursday, April 9th. Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Sanford C. Bernstein upped their price objective on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada upped their price objective on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $122.04.

Canadian National Railway Trading Up 0.8%

NYSE:CNI opened at $120.50 on Friday. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $122.48. The stock has a market cap of $73.23 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.31 and a beta of 0.96. The business has a fifty day moving average of $111.57 and a 200-day moving average of $104.63. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts predict that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. Canadian National Railway’s dividend payout ratio 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.