Brown Advisory Inc. Has $93.56 Million Position in Canadian National Railway Company $CNI

Brown Advisory Inc. raised its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 899,287 shares of the transportation company’s stock after acquiring an additional 87,943 shares during the period. Brown Advisory Inc.’s holdings in Canadian National Railway were worth $93,562,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CNI. Founders Capital Management LLC acquired a new position in shares of Canadian National Railway in the 2nd quarter worth approximately $3,335,000. Westerkirk Capital Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth $3,448,000. TD Asset Management Inc raised its stake in Canadian National Railway by 2.3% during the second quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock worth $1,255,385,000 after buying an additional 273,974 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Canadian National Railway by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock valued at $259,694,000 after buying an additional 755,518 shares during the period. Finally, Cardinal Capital Management Inc. boosted its position in Canadian National Railway by 3.1% during the second quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock valued at $76,178,000 after acquiring an additional 22,035 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNI. Royal Bank Of Canada lifted their price objective on Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Wells Fargo & Company lowered their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 6th. CIBC raised Canadian National Railway from a “neutral” rating to an “outperformer” rating and boosted their price target for the company from $146.00 to $151.00 in a research note on Friday, November 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Finally, Citigroup lifted their price objective on shares of Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.36.

Canadian National Railway Trading Down 0.5%

NYSE CNI opened at $98.08 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 0.92. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $109.50. The business has a 50 day moving average price of $95.26 and a 200-day moving average price of $97.82. The company has a market cap of $60.47 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 2.23 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $4.15 billion. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. Canadian National Railway’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 EPS. As a group, equities analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.8875 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 9th. Canadian National Railway’s dividend payout ratio is 49.53%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.