Canadian National Railway Company $CNI Shares Bought by Fiera Capital Corp

Fiera Capital Corp lifted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,471,710 shares of the transportation company’s stock after acquiring an additional 671,127 shares during the quarter. Canadian National Railway accounts for about 2.0% of Fiera Capital Corp’s holdings, making the stock its 12th biggest position. Fiera Capital Corp owned about 1.05% of Canadian National Railway worth $610,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNI. Vanguard Group Inc. increased its position in shares of Canadian National Railway by 1.6% in the third quarter. Vanguard Group Inc. now owns 24,300,252 shares of the transportation company’s stock valued at $2,291,562,000 after buying an additional 372,859 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Canadian National Railway by 26.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company’s stock valued at $695,048,000 after acquiring an additional 1,408,978 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Canadian National Railway by 20.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,296,828 shares of the transportation company’s stock valued at $655,768,000 after acquiring an additional 1,051,977 shares in the last quarter. Norges Bank acquired a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $591,904,000. Finally, CIBC Asset Management Inc lifted its stake in Canadian National Railway by 5.6% in the 2nd quarter. CIBC Asset Management Inc now owns 5,222,470 shares of the transportation company’s stock valued at $544,622,000 after buying an additional 275,045 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on CNI shares. BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Susquehanna raised their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research note on Monday, November 3rd. Evercore lowered their price target on shares of Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Monday, February 2nd. Stephens reduced their price objective on shares of 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. Finally, Citigroup decreased their target price on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.91.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $109.49 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. The firm has a market capitalization of $67.13 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94. Canadian National Railway Company has a one year low of $90.74 and a one year high of $109.90. The company has a 50 day moving average price of $100.30 and a 200 day moving average price of $96.83.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share 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 analyst estimates 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 revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $1.82 EPS. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 3.3%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.59%.

Canadian National Railway Company 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.