Canadian National Railway Company $CNI Shares Bought by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lifted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 16.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,487 shares of the transportation company’s stock after buying an additional 6,932 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Canadian National Railway were worth $4,983,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lincluden Management Ltd. increased its position in shares of Canadian National Railway by 4.1% during the third quarter. Lincluden Management Ltd. now owns 434,344 shares of the transportation company’s stock worth $40,717,000 after purchasing an additional 17,257 shares in the last quarter. Kensington Investment Counsel LLC purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $3,079,000. Scharf Investments LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at about $8,283,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $32,174,000. Finally, Fisher Asset Management LLC boosted its position in shares of Canadian National Railway by 10.5% in the 4th quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock valued at $225,356,000 after purchasing an additional 216,963 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the topic of several research analyst reports. National Bank Financial set a $124.00 price target on Canadian National Railway in a research report on Thursday, June 25th. Stephens raised Canadian National Railway to a “hold” rating in a report on Wednesday. Canadian Imperial Bank of Commerce raised their target price on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Wells Fargo & Company lifted their target price on shares of Canadian National Railway from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Citigroup upped their price target on shares of Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $129.94.

Canadian National Railway Stock Performance

NYSE:CNI opened at $124.29 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The firm has a market cap of $75.41 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The firm’s fifty day moving average price is $116.66 and its 200 day moving average price is $108.54. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $125.04.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the business earned $1.85 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that Canadian National Railway Company will post 5.75 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is currently 48.55%.

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.