The Manufacturers Life Insurance Company Has $452.89 Million Position in Canadian National Railway Company $CNI

The Manufacturers Life Insurance Company lessened its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,404,252 shares of the transportation company’s stock after selling 48,243 shares during the period. The Manufacturers Life Insurance Company’s holdings in Canadian National Railway were worth $452,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Maverick Capital Ltd. bought a new stake in Canadian National Railway during the 1st quarter worth approximately $1,933,000. Quantinno Capital Management LP lifted its stake in Canadian National Railway by 33.0% in the first quarter. Quantinno Capital Management LP now owns 89,902 shares of the transportation company’s stock valued at $9,239,000 after buying an additional 22,312 shares in the last quarter. Polar Asset Management Partners Inc. lifted its stake in Canadian National Railway by 193.4% in the first quarter. Polar Asset Management Partners Inc. now owns 205,400 shares of the transportation company’s stock valued at $21,107,000 after buying an additional 135,400 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Canadian National Railway by 2.0% in the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after buying an additional 173,894 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Canadian National Railway in the first quarter valued at approximately $59,507,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNI has been the topic of a number of research analyst reports. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Monday. Evercore raised Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective for the company in a research report on Thursday, June 25th. Citizens Jmp assumed coverage on Canadian National Railway in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Barclays increased their price objective on Canadian National Railway from $109.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, National Bank Financial set a $124.00 target price on Canadian National Railway in a research note on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $137.40.

Key Headlines Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Canadian National reported a second-quarter earnings beat, helped by stronger grain and energy volumes that lifted revenue. The company also raised its 2026 outlook, providing a positive signal about freight demand and future earnings potential. Higher fuel costs pressured efficiency, however. Canadian National Q2 Earnings Beat on Grain and Energy Volume Growth
• Positive Sentiment: Royal Bank of Canada raised its price target on CNI to $205 from $195 and maintained an “outperform” rating, indicating substantial expected upside based on its assessment of the railroad’s earnings and operating outlook. Royal Bank of Canada analyst update
• Positive Sentiment: Wells Fargo increased its price target to $145 from $135 and kept an “overweight” rating, reflecting growing confidence in CNI’s business prospects. Wells Fargo analyst update
• Neutral Sentiment: Barclays raised its target to $130 from $109 but retained an “equal weight” rating. The revised target offers limited upside, suggesting the firm sees the shares as broadly fairly valued. Barclays analyst update
• Neutral Sentiment: Analysts collectively assign Canadian National Railway an average “Moderate Buy” rating, indicating constructive but not universally bullish sentiment. Canadian National Railway Receives Moderate Buy Rating
• Negative Sentiment: Higher fuel costs are weighing on efficiency, while the shares’ strong recent run and premium valuation may be encouraging some investors to take profits even after the earnings beat.

Canadian National Railway Stock Down 0.4%

Canadian National Railway stock opened at $128.90 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $131.55. The company has a fifty day simple moving average of $120.48 and a 200 day simple moving average of $110.92. The company has a market cap of $78.12 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 2.47 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.33%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm posted $1.87 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts anticipate that Canadian National Railway Company will post 5.67 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio is presently 45.57%.

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.