Broderick Brian C Increases Stock Position in Canadian National Railway Company $CNI

Broderick Brian C boosted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,699 shares of the transportation company’s stock after acquiring an additional 4,977 shares during the period. Canadian National Railway accounts for 1.5% of Broderick Brian C’s investment portfolio, making the stock its 23rd biggest position. Broderick Brian C’s holdings in Canadian National Railway were worth $8,396,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in shares of Canadian National Railway by 639,137.0% during the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after purchasing an additional 8,954,310 shares during the period. Norges Bank bought a new stake in shares of Canadian National Railway in the fourth quarter worth about $570,161,000. FIL Ltd increased its holdings in Canadian National Railway by 49.5% during the 4th quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after purchasing an additional 5,210,403 shares during the period. AQR Capital Management LLC increased its holdings in Canadian National Railway by 6,329.2% during the 4th quarter. AQR Capital Management LLC now owns 1,234,030 shares of the transportation company’s stock valued at $122,050,000 after purchasing an additional 1,214,836 shares during the period. Finally, Deutsche Bank AG raised its position in Canadian National Railway by 15.1% during the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after purchasing an additional 1,182,106 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $129.07 on Monday. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $129.52. 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 company’s 50-day moving average is $118.48 and its 200 day moving average is $109.70. The stock has a market capitalization of $78.22 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.46 and a beta of 0.96.

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. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the business posted $1.85 earnings per share. Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Canadian National Railway Company will post 5.66 earnings per share for the current year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio is currently 48.55%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNI. Citizens Jmp assumed coverage on Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Royal Bank Of Canada boosted their target price on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. National Bank Financial set a $124.00 target price on Canadian National Railway in a report on Thursday, June 25th. Susquehanna restated a “neutral” rating and set a $140.00 target price (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th. Finally, Citigroup raised their price target on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $132.12.

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.