Fairfax Financial Holdings Ltd. Can Takes Position in Canadian National Railway Company $CNI

Fairfax Financial Holdings Ltd. Can acquired a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,800 shares of the transportation company’s stock, valued at approximately $1,960,000. Canadian National Railway comprises about 0.1% of Fairfax Financial Holdings Ltd. Can’s holdings, making the stock its 23rd largest holding.

Other large investors also recently bought and sold shares of the company. High Point Wealth Management LLC purchased a new position in Canadian National Railway in the 4th quarter worth about $27,000. Curio Wealth LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 280 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Canadian National Railway in the fourth quarter worth approximately $39,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Canadian National Railway in the third quarter worth approximately $51,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

Shares of CNI opened at $117.75 on Wednesday. The business has a 50-day simple moving average of $113.86 and a two-hundred day simple moving average of $105.98. 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 52 week low of $90.74 and a 52 week high of $122.48. The stock has a market cap of $71.44 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.25 and a beta of 0.96.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. On average, analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The company 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 $0.915 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.1%. Canadian National Railway’s dividend payout ratio is 48.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective 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. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research note on Tuesday, June 9th. Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Citigroup lifted their price objective on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $122.04.

Canadian National Railway 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.