Fiera Capital Corp Purchases 176,872 Shares of Canadian National Railway Company $CNI

Fiera Capital Corp grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,648,582 shares of the transportation company’s stock after purchasing an additional 176,872 shares during the quarter. Canadian National Railway makes up 2.1% of Fiera Capital Corp’s investment portfolio, making the stock its 10th largest position. Fiera Capital Corp owned approximately 1.08% of Canadian National Railway worth $657,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. High Point Wealth Management LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at $27,000. Costello Asset Management INC lifted its position in Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. Curio Wealth LLC purchased a new stake in Canadian National Railway in the fourth quarter valued at $31,000. Leonteq Securities AG purchased a new stake in Canadian National Railway in the fourth quarter valued at $39,000. Finally, Fulcrum Asset Management LLP purchased a new stake in Canadian National Railway in the third quarter valued at $51,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.1%

Shares of Canadian National Railway stock opened at $120.50 on Monday. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $122.48. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The company’s 50-day simple moving average is $111.57 and its 200-day simple moving average is $104.70. The firm has a market cap of $73.23 billion, a price-to-earnings 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 released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts’ consensus estimates 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 was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 earnings per share. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is 48.73%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CNI shares. Weiss Ratings cut shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Citigroup boosted their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Barclays lifted their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.