Canadian National Railway Company $CNI Shares Acquired by ARGA Investment Management LP

ARGA Investment Management LP grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 32.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 26,801 shares of the transportation company’s stock after buying an additional 6,558 shares during the quarter. ARGA Investment Management LP’s holdings in Canadian National Railway were worth $2,758,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Canadian National Railway in the 1st quarter valued at $311,000. Focus Partners Wealth raised its position in shares of Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after buying an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Canadian National Railway in the second quarter valued at about $202,000. EverSource Wealth Advisors LLC lifted its stake in shares of Canadian National Railway by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after buying an additional 383 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Canadian National Railway by 2.9% in the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after buying an additional 474 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.1%

NYSE CNI opened at $124.46 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 stock has a market capitalization of $75.51 billion, a P/E ratio of 22.63, a PEG ratio of 2.34 and a beta of 0.96. The firm’s 50-day moving average is $116.99 and its two-hundred day moving average is $108.65. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $125.26.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 EPS. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.75 earnings per share for the current year.

Canadian National Railway Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank Of Canada upped 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 note on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Canadian National Railway from $110.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stephens upgraded Canadian National Railway to a “hold” rating in a report on Wednesday. Bank of America increased their price target on Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce lifted their price objective on 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. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.94.

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.