Erste Asset Management GmbH Acquires 54,337 Shares of Canadian National Railway Company $CNI

Erste Asset Management GmbH increased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 41.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,501 shares of the transportation company’s stock after acquiring an additional 54,337 shares during the period. Erste Asset Management GmbH’s holdings in Canadian National Railway were worth $18,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. High Point Wealth Management LLC bought a new position in Canadian National Railway during the fourth quarter valued at $27,000. Curio Wealth LLC bought a new position in Canadian National Railway during the fourth quarter valued at $31,000. Costello Asset Management INC grew its holdings in Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 150 shares during the period. Leonteq Securities AG bought a new position in Canadian National Railway during the fourth quarter valued at $39,000. Finally, Fulcrum Asset Management LLP bought a new position in Canadian National Railway during the third quarter valued at $51,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of analyst reports. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $117.00 to $122.00 in a report on Thursday, April 9th. Weiss Ratings lowered Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Barclays raised their price target on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Citigroup raised their price target on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada raised their price target on Canadian National Railway from $160.00 to $178.00 and gave the stock 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 given a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and an average target price of $122.04.

Canadian National Railway Trading Up 0.4%

NYSE CNI opened at $120.92 on Tuesday. The stock’s 50-day simple moving average is $111.96 and its two-hundred day simple moving average is $104.89. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month 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 has a market capitalization of $73.49 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.31 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results 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 return on equity of 21.90% and a net margin of 27.22%.The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts forecast that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis 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 (DPR) is 48.73%.

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.