Banque Transatlantique SA Has $18.07 Million Stock Holdings in Canadian National Railway Company $CNI

Banque Transatlantique SA decreased its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 191,740 shares of the transportation company’s stock after selling 20,246 shares during the period. Banque Transatlantique SA’s holdings in Canadian National Railway were worth $18,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CNI. Cardinal Point Capital Management ULC increased its stake in shares of Canadian National Railway by 28.8% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 124,426 shares of the transportation company’s stock valued at $11,730,000 after acquiring an additional 27,857 shares during the last quarter. Westerkirk Capital Inc. bought a new position in Canadian National Railway during the 2nd quarter worth approximately $3,448,000. Lorne Steinberg Wealth Management Inc. grew its holdings in Canadian National Railway by 23.3% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 83,095 shares of the transportation company’s stock valued at $7,834,000 after purchasing an additional 15,715 shares during the period. Cardinal Capital Management Inc. raised its holdings in Canadian National Railway by 1.5% in the third quarter. Cardinal Capital Management Inc. now owns 742,230 shares of the transportation company’s stock worth $70,038,000 after purchasing an additional 10,880 shares during the period. Finally, Nicola Wealth Management LTD. raised its holdings in Canadian National Railway by 13.9% in the third quarter. Nicola Wealth Management LTD. now owns 198,800 shares of the transportation company’s stock worth $18,749,000 after purchasing an additional 24,200 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Up 1.1%

NYSE:CNI opened at $104.98 on Friday. The firm has a market capitalization of $64.37 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $113.08. The stock’s 50 day moving average price is $103.64 and its two-hundred day moving average price is $98.53.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. Canadian National Railway’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.915 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, March 10th. This represents a $3.66 dividend on an annualized basis and a yield of 3.5%. Canadian National Railway’s dividend payout ratio (DPR) is currently 49.36%.

Analyst Ratings Changes

A number of analysts recently commented on CNI shares. Evercore lowered their price objective on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a research report on Monday, February 2nd. Barclays decreased their target price on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce raised Canadian National Railway from a “hold” rating to an “outperformer” rating and raised their price target for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Finally, Citigroup decreased their price objective on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.91.

About Canadian National Railway

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.