Scopus Asset Management L.P. Invests $34.79 Million in Canadian National Railway (NYSE:CNI)

Scopus Asset Management L.P. acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 300,000 shares of the transportation company’s stock, valued at approximately $34,794,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in Canadian National Railway by 12.8% in the 4th quarter. LPL Financial LLC now owns 51,129 shares of the transportation company’s stock valued at $5,616,000 after buying an additional 5,791 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Canadian National Railway by 1.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 58,174 shares of the transportation company’s stock valued at $6,392,000 after buying an additional 677 shares during the last quarter. ExodusPoint Capital Management LP grew its stake in Canadian National Railway by 56.6% in the 4th quarter. ExodusPoint Capital Management LP now owns 3,011 shares of the transportation company’s stock valued at $331,000 after buying an additional 1,088 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Canadian National Railway by 1.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 632,188 shares of the transportation company’s stock valued at $69,446,000 after buying an additional 7,422 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Canadian National Railway by 6.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,135 shares of the transportation company’s stock valued at $2,981,000 after buying an additional 1,588 shares during the last quarter. Institutional investors own 54.67% of the company’s stock.

A number of research analysts recently commented on the stock. National Bank Financial decreased their price target on shares of Canadian National Railway from C$140.00 to C$139.00 and set a “sector perform” rating on the stock in a research note on Wednesday. TheStreet downgraded shares of Canadian National Railway from a “b” rating to a “c+” rating in a report on Wednesday, May 19th. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $120.00 to $119.00 and set an “equal weight” rating for the company in a report on Friday, July 9th. Credit Suisse Group cut their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Loop Capital raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a report on Tuesday, May 25th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Canadian National Railway has an average rating of “Buy” and a consensus target price of $131.88.

NYSE:CNI traded up $0.89 on Thursday, hitting $105.11. The company had a trading volume of 70,386 shares, compared to its average volume of 1,449,818. The stock has a market cap of $74.52 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 2.52 and a beta of 0.81. The company has a quick ratio of 0.97, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average price is $107.31. Canadian National Railway has a 52 week low of $95.48 and a 52 week high of $119.61.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Monday, July 19th. The transportation company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.01. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.63 billion. Canadian National Railway had a net margin of 28.27% and a return on equity of 20.54%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. As a group, equities analysts expect that Canadian National Railway will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Wednesday, June 9th were paid a $0.4964 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, June 8th. This represents a $1.99 annualized dividend and a yield of 1.89%. Canadian National Railway’s dividend payout ratio is presently 22.47%.

Canadian National Railway Profile

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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