Jupiter Asset Management Ltd. Invests $2.78 Million in Canadian National Railway Company $CNI

Jupiter Asset Management Ltd. bought a new position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,089 shares of the transportation company’s stock, valued at approximately $2,782,000.

Other hedge funds have also recently modified their holdings of the company. High Point Wealth Management LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter worth about $27,000. Hollencrest Capital Management purchased a new stake in shares of Canadian National Railway in the third quarter worth about $28,000. Costello Asset Management INC boosted its stake in shares of Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock worth $31,000 after buying an additional 150 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Canadian National Railway in the fourth quarter worth about $39,000. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Canadian National Railway in the third quarter worth about $51,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stephens lowered their target price on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $117.00 to $122.00 in a research note on Thursday, April 9th. Evercore lowered their target price on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock in a research note on Monday, February 2nd. Sanford C. Bernstein increased their price target on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Finally, Citigroup raised their price objective on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Stock Down 0.2%

Shares of CNI opened at $118.54 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $119.87. The stock’s 50 day moving average is $109.59 and its two-hundred day moving average is $103.80. The firm has a market cap of $72.04 billion, a P/E ratio of 21.55, a PEG ratio of 2.27 and a beta of 0.95.

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, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company 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 earned $1.85 earnings per share. Canadian National Railway’s quarterly revenue was down .5% compared to the same quarter last year. Analysts predict that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.73%.

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.