Canadian National Railway Company $CNI Shares Bought by Lincluden Management Ltd.

Lincluden Management Ltd. lifted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,344 shares of the transportation company’s stock after acquiring an additional 17,257 shares during the period. Canadian National Railway accounts for about 4.6% of Lincluden Management Ltd.’s investment portfolio, making the stock its 6th largest position. Lincluden Management Ltd. owned 0.07% of Canadian National Railway worth $40,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CNI. Lido Advisors LLC raised its stake in Canadian National Railway by 22.1% during the third quarter. Lido Advisors LLC now owns 32,325 shares of the transportation company’s stock worth $3,048,000 after purchasing an additional 5,859 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at $14,975,000. Gotham Asset Management LLC grew its stake in shares of Canadian National Railway by 116.4% during the 3rd quarter. Gotham Asset Management LLC now owns 23,969 shares of the transportation company’s stock valued at $2,260,000 after buying an additional 12,894 shares during the period. Focus Partners Wealth increased its holdings in shares of Canadian National Railway by 57.2% during the 3rd quarter. Focus Partners Wealth now owns 20,210 shares of the transportation company’s stock worth $1,906,000 after buying an additional 7,353 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Canadian National Railway by 14.5% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 93,400 shares of the transportation company’s stock worth $8,808,000 after buying an additional 11,820 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CNI shares. Barclays reduced their target price on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Evercore cut their price objective on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating on the stock 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 lifted their price objective for the company from $146.00 to $151.00 in a research note on Friday, November 28th. Finally, Stephens dropped their target price on shares of 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. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of $118.91.

Canadian National Railway Stock Up 1.2%

Shares of NYSE CNI opened at $106.31 on Tuesday. The stock has a fifty day moving average price of $103.78 and a 200 day moving average price of $98.62. The company has a current ratio of 0.67, a quick ratio of 0.47 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 company has a market cap of $64.98 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.18 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping 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 return on equity of 22.14% and a net margin of 27.28%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Research analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.4%. Canadian National Railway’s dividend payout ratio is presently 49.36%.

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.