Canadian National Railway Company $CNI Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. grew its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 62.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,202 shares of the transportation company’s stock after purchasing an additional 4,683 shares during the period. Heartland Advisors Inc.’s holdings in Canadian National Railway were worth $1,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Scharf Investments LLC purchased a new position in Canadian National Railway during the fourth quarter worth about $8,283,000. Fisher Asset Management LLC raised its stake in shares of Canadian National Railway by 10.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock valued at $225,356,000 after acquiring an additional 216,963 shares during the period. Norges Bank purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $570,161,000. Clean Energy Transition LLP purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $47,268,000. Finally, QV Investors Inc. lifted its holdings in shares of Canadian National Railway by 7.4% in the 4th quarter. QV Investors Inc. now owns 629,069 shares of the transportation company’s stock worth $62,299,000 after acquiring an additional 43,523 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CNI. Sanford C. Bernstein lifted their target price 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. Susquehanna restated a “neutral” rating and set a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Weiss Ratings lowered Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Bank of America lifted their price objective on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada boosted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and a consensus price target of $132.12.

Canadian National Railway Trading Up 0.0%

NYSE CNI opened at $129.07 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $78.22 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.46 and a beta of 0.96. The firm has a 50 day simple moving average of $118.48 and a 200-day simple moving average of $109.70. Canadian National Railway Company has a one year low of $90.74 and a one year high of $129.52.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting the consensus estimate of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. Equities research analysts anticipate that Canadian National Railway Company will post 5.66 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a $0.915 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s payout ratio is 48.55%.

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.