Aperio Group LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 224,866 shares of the transportation company’s stock after buying an additional 11,199 shares during the period. Aperio Group LLC’s holdings in Canadian National Railway were worth $18,551,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Canadian National Railway by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 260,579 shares of the transportation company’s stock valued at $21,120,000 after purchasing an additional 7,516 shares during the last quarter. Voya Investment Management LLC grew its stake in Canadian National Railway by 11.1% in the second quarter. Voya Investment Management LLC now owns 8,995 shares of the transportation company’s stock valued at $729,000 after purchasing an additional 900 shares during the last quarter. HighTower Advisors LLC grew its stake in Canadian National Railway by 12.0% in the second quarter. HighTower Advisors LLC now owns 23,052 shares of the transportation company’s stock valued at $1,864,000 after purchasing an additional 2,470 shares during the last quarter. Gotham Asset Management LLC grew its stake in Canadian National Railway by 146.8% in the second quarter. Gotham Asset Management LLC now owns 52,228 shares of the transportation company’s stock valued at $4,233,000 after purchasing an additional 31,066 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Canadian National Railway by 251.0% in the second quarter. Cubist Systematic Strategies LLC now owns 21,468 shares of the transportation company’s stock valued at $1,741,000 after purchasing an additional 15,352 shares during the last quarter. Hedge funds and other institutional investors own 53.66% of the company’s stock.

Several equities analysts have issued reports on the company. Cowen reiterated an “outperform” rating and issued a $90.00 target price (up previously from $88.00) on shares of Canadian National Railway in a research note on Wednesday, January 24th. Macquarie upgraded Canadian National Railway from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 24th. Royal Bank of Canada reiterated an “outperform” rating on shares of Canadian National Railway in a research note on Wednesday, October 25th. Credit Suisse Group cut their target price on Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $81.38.

Shares of Canadian National Railway (NYSE CNI) opened at $77.17 on Tuesday. Canadian National Railway has a 52 week low of $68.27 and a 52 week high of $85.73. The firm has a market capitalization of $57,460.00, a PE ratio of 13.19, a PEG ratio of 1.96 and a beta of 1.01. The company has a current ratio of 0.55, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53.

Canadian National Railway announced that its Board of Directors has authorized a share buyback program on Tuesday, October 24th that allows the company to buyback 31,000,000 outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 8th will be paid a dividend of $0.3665 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.90%. Canadian National Railway’s payout ratio is presently 22.39%.

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Canadian National Railway Company Profile

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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