Capital International Sarl Purchases 3,425 Shares of Canadian National Railway (NYSE:CNI)

Capital International Sarl lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.6% in the fourth quarter, HoldingsChannel reports. The firm owned 78,571 shares of the transportation company’s stock after purchasing an additional 3,425 shares during the quarter. Capital International Sarl’s holdings in Canadian National Railway were worth $7,975,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $563,048,000. Canoe Financial LP purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $216,943,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Canadian National Railway by 29.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company’s stock valued at $488,488,000 after buying an additional 1,102,977 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Canadian National Railway by 29.0% in the fourth quarter. Geode Capital Management LLC now owns 3,306,192 shares of the transportation company’s stock worth $340,987,000 after buying an additional 743,712 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after acquiring an additional 571,967 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada reduced their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus lowered their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.36.

Canadian National Railway Trading Up 0.7 %

Shares of NYSE:CNI opened at $99.21 on Friday. The business’s 50-day moving average is $98.99 and its 200 day moving average is $104.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $130.63. The firm has a market capitalization of $62.35 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.48%. Canadian National Railway’s payout ratio is 47.66%.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.