Lincluden Management Ltd. Has $41.43 Million Stake in Canadian National Railway Company $CNI

Lincluden Management Ltd. lessened its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 419,122 shares of the transportation company’s stock after selling 15,222 shares during the period. Canadian National Railway accounts for 4.5% of Lincluden Management Ltd.’s portfolio, making the stock its 6th largest position. Lincluden Management Ltd.’s holdings in Canadian National Railway were worth $41,430,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of 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 valued at $2,437,679,000 after acquiring an additional 346,670 shares during the period. Bank of Montreal Can boosted its position in shares of 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 valued at $1,338,948,000 after acquiring an additional 42,907 shares during the period. Caisse de depot et placement du Quebec lifted its position in Canadian National Railway by 1.1% during 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 during the period. Lazard Asset Management LLC lifted its position in Canadian National Railway by 639,137.0% during 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 during the period. Finally, Mackenzie Financial Corp lifted its position in Canadian National Railway by 0.4% during 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 during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CNI. BMO Capital Markets reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Barclays upped their price objective on shares of Canadian National Railway from $97.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian National Railway in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $119.14.

Canadian National Railway Stock Down 0.2%

CNI stock opened at $114.73 on Wednesday. The stock has a market capitalization of $69.84 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $115.80. The firm has a 50-day moving average price of $107.41 and a 200-day moving average price of $101.20.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.06. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.74 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were issued a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is currently 49.36%.

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.