Capital International Ltd. CA Grows Position in Canadian National Railway Company $CNI

Capital International Ltd. CA increased its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,579 shares of the transportation company’s stock after purchasing an additional 8,685 shares during the period. Capital International Ltd. CA’s holdings in Canadian National Railway were worth $6,091,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CNI. Lazard Asset Management LLC boosted its stake in shares of Canadian National Railway by 639,137.0% during the 3rd 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. Norges Bank purchased a new position in shares of Canadian National Railway during the 4th quarter worth about $570,161,000. Troy Asset Management Ltd boosted its stake in shares of Canadian National Railway by 158.8% during the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock worth $258,220,000 after purchasing an additional 1,680,223 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Canadian National Railway by 1,693.5% during the 3rd quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock worth $164,043,000 after purchasing an additional 1,642,700 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Canadian National Railway by 52.0% during the 3rd quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock worth $257,814,000 after purchasing an additional 935,425 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 0.8%

Shares of 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 company has a 50-day moving average of $111.57 and a 200 day moving average of $104.63. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business posted $1.85 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

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 issued a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. Canadian National Railway’s payout ratio is currently 48.73%.

Wall Street Analyst Weigh In

CNI has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Sanford C. Bernstein lifted their price objective 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. Citigroup lifted their price objective on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Royal Bank Of Canada lifted their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.04.

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.