Canadian National Railway Company $CNI Stock Holdings Lifted by Capital International Sarl

Capital International Sarl raised its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,665 shares of the transportation company’s stock after buying an additional 5,970 shares during the period. Capital International Sarl’s holdings in Canadian National Railway were worth $9,769,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Capital International Ltd. CA increased its holdings in shares of Canadian National Railway by 16.4% in the fourth quarter. Capital International Ltd. CA now owns 61,579 shares of the transportation company’s stock valued at $6,091,000 after buying an additional 8,685 shares in the last quarter. Tacita Capital Inc increased its holdings in shares of Canadian National Railway by 0.6% in the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock valued at $1,960,000 after buying an additional 109 shares in the last quarter. Capital Group Investment Management PTE. LTD. increased its holdings in shares of Canadian National Railway by 6.7% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 10,435 shares of the transportation company’s stock valued at $1,033,000 after buying an additional 657 shares in the last quarter. Havemeyer Place LP bought a new position in shares of Canadian National Railway in the fourth quarter valued at $152,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Canadian National Railway in the fourth quarter valued at $12,359,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $120.50 on Monday. The company’s fifty day moving average is $111.57 and its two-hundred day moving average is $104.70. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $122.48. The company has a market cap of $73.23 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96.

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 (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the business earned $1.85 EPS. The company’s revenue was down .5% on a year-over-year basis. Equities analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays upped their price target on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Royal Bank Of Canada upped their price target on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Citigroup boosted their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Company 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.