Brown Lisle Cummings Inc. Has $5.42 Million Stock Position in Canadian National Railway Company $CNI

Brown Lisle Cummings Inc. lifted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,778 shares of the transportation company’s stock after purchasing an additional 5,800 shares during the quarter. Canadian National Railway accounts for 1.3% of Brown Lisle Cummings Inc.’s holdings, making the stock its 14th biggest holding. Brown Lisle Cummings Inc.’s holdings in Canadian National Railway were worth $5,415,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in shares of Canadian National Railway by 639,137.0% during the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after buying an additional 8,954,310 shares during the last quarter. Troy Asset Management Ltd lifted its position in shares of Canadian National Railway by 158.8% during the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock worth $258,220,000 after buying an additional 1,680,223 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Canadian National Railway by 1,693.5% during the 3rd quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock worth $164,043,000 after buying an additional 1,642,700 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Canadian National Railway by 52.0% during the 3rd quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock worth $257,814,000 after buying an additional 935,425 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Canadian National Railway by 11.6% during the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock worth $610,076,000 after buying an additional 671,127 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on CNI shares. Citigroup increased their target price on Canadian National Railway from $115.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Stephens dropped their target price on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the company from $117.00 to $122.00 in a research report on Thursday. Finally, Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.76.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $110.09 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $67.29 billion, a PE ratio of 20.27, a P/E/G ratio of 2.30 and a beta of 0.91. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $113.08. The stock has a 50-day moving average price of $105.36 and a two-hundred day moving average price of $99.72.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. Analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were paid a $0.915 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 annualized dividend and a dividend yield of 3.3%. Canadian National Railway’s payout ratio is currently 49.36%.

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.