Swiss Life Asset Management Ltd Boosts Stake in Canadian National Railway Company $CNI

Swiss Life Asset Management Ltd lifted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,152 shares of the transportation company’s stock after acquiring an additional 9,018 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Canadian National Railway were worth $11,189,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. High Point Wealth Management LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter worth about $27,000. Hollencrest Capital Management purchased a new position in Canadian National Railway in the 3rd quarter valued at about $28,000. First Horizon Corp purchased a new position in Canadian National Railway in the 3rd quarter valued at about $30,000. Costello Asset Management INC lifted its stake in Canadian National Railway by 83.3% in the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Canadian National Railway in the 3rd quarter valued at about $51,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 1.1%

CNI opened at $111.86 on Wednesday. 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 simple moving average is $107.54 and its two-hundred day simple moving average is $102.05. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $115.80. The firm has a market capitalization of $67.98 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.12 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company posted $1.85 EPS. The business’s revenue was down .5% on a year-over-year basis. Analysts expect that Canadian National Railway Company will post 5.74 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is 48.73%.

Analyst Ratings Changes

CNI has been the topic of a number of research reports. Citigroup raised their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Sanford C. Bernstein raised their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Barclays raised their price target on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of $122.04.

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.