Banco Bilbao Vizcaya Argentaria S.A. Has $8.81 Million Stake in Canadian National Railway Company $CNI

Banco Bilbao Vizcaya Argentaria S.A. grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,400 shares of the transportation company’s stock after acquiring an additional 11,820 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Canadian National Railway were worth $8,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC acquired a new stake in Canadian National Railway during the 1st quarter valued at $311,000. Focus Partners Wealth raised its position in Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after purchasing an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Canadian National Railway in the second quarter worth $202,000. Allworth Financial LP grew its holdings in shares of Canadian National Railway by 46.1% during the second quarter. Allworth Financial LP now owns 4,451 shares of the transportation company’s stock worth $463,000 after purchasing an additional 1,405 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Canadian National Railway by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 70,968 shares of the transportation company’s stock worth $7,384,000 after purchasing an additional 1,538 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 1.2%

Shares of CNI opened at $106.31 on Tuesday. 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 12-month low of $90.74 and a 12-month high of $113.08. The firm has a market capitalization of $64.98 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. The stock’s fifty day simple moving average is $103.78 and its 200-day simple moving average is $98.62.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. The business had revenue of $3.24 billion for 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 firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. As a group, research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders 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 of this dividend is Tuesday, March 10th. This represents a $3.66 annualized dividend and a dividend yield of 3.4%. Canadian National Railway’s payout ratio is 49.36%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. 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. Citigroup dropped their target price on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Finally, Canadian Imperial Bank of Commerce upgraded shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and upped their target price for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.91.

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.