American Century Companies Inc. Raises Holdings in Canadian National Railway Company $CNI

American Century Companies Inc. lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 5.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,841 shares of the transportation company’s stock after buying an additional 7,963 shares during the quarter. American Century Companies Inc.’s holdings in Canadian National Railway were worth $15,166,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. boosted its stake in shares of Canadian National Railway by 137.0% in the first quarter. Vestmark Advisory Solutions Inc. now owns 16,918 shares of the transportation company’s stock worth $1,649,000 after buying an additional 9,779 shares during the last quarter. Gulf International Bank UK Ltd raised its holdings in Canadian National Railway by 2,758.6% in the 1st quarter. Gulf International Bank UK Ltd now owns 31,016 shares of the transportation company’s stock worth $3,023,000 after purchasing an additional 29,931 shares during the period. Dagco Inc. acquired a new position in Canadian National Railway in the 1st quarter worth about $32,000. LGT Group Foundation raised its holdings in Canadian National Railway by 25.4% in the 1st quarter. LGT Group Foundation now owns 111,206 shares of the transportation company’s stock worth $10,824,000 after purchasing an additional 22,513 shares during the period. Finally, Sustainable Insight Capital Management LLC raised its holdings in Canadian National Railway by 75.7% in the 1st quarter. Sustainable Insight Capital Management LLC now owns 7,553 shares of the transportation company’s stock worth $735,000 after purchasing an additional 3,253 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of analyst reports. Susquehanna reduced their price target on Canadian National Railway from $122.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada reduced their price target on Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Citigroup reduced their price target on Canadian National Railway from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, July 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Finally, Evercore ISI cut Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target for the company. in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $118.36.

Canadian National Railway Price Performance

CNI stock opened at $95.8650 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The business has a 50 day simple moving average of $99.08 and a 200-day simple moving average of $100.18. The firm has a market capitalization of $59.85 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.14 and a beta of 0.94. Canadian National Railway Company has a 1 year low of $91.65 and a 1 year high of $121.12.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. Equities research analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be given a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.7%. Canadian National Railway’s dividend payout ratio (DPR) is currently 49.81%.

Canadian National Railway Profile

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.