Canadian National Railway Company $CNI Shares Bought by Heartland Advisors Inc.

Heartland Advisors Inc. grew its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 62.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,202 shares of the transportation company’s stock after buying an additional 4,683 shares during the quarter. Heartland Advisors Inc.’s holdings in Canadian National Railway were worth $1,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CNI. AQR Capital Management LLC acquired a new position in Canadian National Railway during the 1st quarter worth approximately $311,000. Focus Partners Wealth increased its position in shares of 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. purchased a new stake in shares of Canadian National Railway in the 2nd quarter valued at approximately $202,000. EverSource Wealth Advisors LLC raised its holdings in shares of Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Canadian National Railway by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 474 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.0%

NYSE CNI opened at $129.07 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The firm’s fifty day moving average price is $118.48 and its 200 day moving average price is $109.70. The company has a market capitalization of $78.22 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 2.46 and a beta of 0.96. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $129.52.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the business earned $1.85 EPS. Canadian National Railway’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Canadian National Railway Company will post 5.66 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.915 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. National Bank Financial set a $124.00 price objective on shares of Canadian National Railway in a research report on Thursday, June 25th. Wells Fargo & Company increased their target price on Canadian National Railway from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Susquehanna restated a “neutral” rating and issued a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Stephens raised Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada upped their price objective on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $132.12.

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.