Kensington Investment Counsel LLC Invests $3.08 Million in Canadian National Railway Company $CNI

Kensington Investment Counsel LLC acquired a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 32,650 shares of the transportation company’s stock, valued at approximately $3,079,000. Canadian National Railway comprises approximately 1.3% of Kensington Investment Counsel LLC’s portfolio, making the stock its 23rd largest position.

Other large investors have also made changes to their positions in the company. First Affirmative Financial Network increased its position in Canadian National Railway by 11.0% during the 3rd quarter. First Affirmative Financial Network now owns 5,801 shares of the transportation company’s stock worth $547,000 after purchasing an additional 574 shares in the last quarter. Danske Bank A S purchased a new position in Canadian National Railway in the 3rd quarter valued at about $244,000. Advisory Services Network LLC lifted its holdings in Canadian National Railway by 14.5% in the 3rd quarter. Advisory Services Network LLC now owns 4,980 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 632 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth about $51,000. Finally, Morningstar Investment Management LLC boosted its stake in shares of Canadian National Railway by 850.7% during the 3rd quarter. Morningstar Investment Management LLC now owns 32,173 shares of the transportation company’s stock worth $3,034,000 after purchasing an additional 28,789 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CNI. Evercore cut 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. UBS Group lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Royal Bank Of Canada lowered their target price on shares of Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Finally, Zacks Research raised Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Trading Down 4.0%

NYSE CNI opened at $102.00 on Wednesday. The company has a market cap of $62.35 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.21 and a beta of 0.90. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $113.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.47. The company has a 50-day moving average of $103.80 and a 200-day moving average of $98.66.

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

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued 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 dividend yield of 3.6%. Canadian National Railway’s dividend payout ratio (DPR) is 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.