7,500 Shares in Canadian National Railway (NYSE:CNI) Acquired by KB Financial Partners LLC

KB Financial Partners LLC acquired a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the first quarter, according to its most recent filing with the SEC. The firm acquired 7,500 shares of the transportation company’s stock, valued at approximately $885,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Canadian National Railway in the 4th quarter valued at about $727,713,000. Arrowstreet Capital Limited Partnership boosted its stake in Canadian National Railway by 25,348.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,650,355 shares of the transportation company’s stock valued at $194,698,000 after acquiring an additional 1,643,870 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Canadian National Railway during the 1st quarter worth $137,546,000. Goldman Sachs Group Inc. lifted its stake in shares of Canadian National Railway by 166.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,772,695 shares of the transportation company’s stock valued at $199,375,000 after purchasing an additional 1,108,104 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Canadian National Railway by 5.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,333,700 shares of the transportation company’s stock worth $1,655,948,000 after purchasing an additional 625,000 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of recent analyst reports. Susquehanna dropped their price objective on Canadian National Railway from $122.00 to $120.00 in a report on Wednesday, July 26th. Argus lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. National Bank Financial lowered their target price on shares of Canadian National Railway from C$173.00 to C$171.00 in a research note on Tuesday, July 25th. CIBC cut their target price on shares of Canadian National Railway from C$177.00 to C$175.00 in a report on Wednesday, July 26th. Finally, BMO Capital Markets decreased their price target on shares of Canadian National Railway from C$177.00 to C$175.00 in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $145.71.

Canadian National Railway Price Performance

Shares of CNI opened at $109.35 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.78. Canadian National Railway has a twelve month low of $103.79 and a twelve month high of $129.89. The stock has a market capitalization of $71.78 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.91 and a beta of 0.91. The company has a 50 day moving average of $115.32 and a 200-day moving average of $116.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 25th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.06). Canadian National Railway had a net margin of 30.21% and a return on equity of 24.62%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. As a group, equities research analysts forecast that Canadian National Railway will post 5.57 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.5996 per share. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.19%. Canadian National Railway’s dividend payout ratio is 40.92%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.