Natixis grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,566 shares of the transportation company’s stock after purchasing an additional 2,242 shares during the quarter. Natixis’ holdings in Canadian National Railway were worth $2,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CNI. Haverford Trust Co. raised its position in shares of Canadian National Railway by 80.8% in the first quarter. Haverford Trust Co. now owns 5,372 shares of the transportation company’s stock valued at $393,000 after purchasing an additional 2,401 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Canadian National Railway in the first quarter valued at about $2,446,000. Northern Trust Corp raised its position in shares of Canadian National Railway by 2.2% in the first quarter. Northern Trust Corp now owns 975,434 shares of the transportation company’s stock valued at $71,334,000 after purchasing an additional 21,279 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Canadian National Railway by 1.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 107,081 shares of the transportation company’s stock valued at $7,831,000 after purchasing an additional 1,330 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Canadian National Railway by 11.3% in the first quarter. IFP Advisors Inc now owns 7,643 shares of the transportation company’s stock valued at $559,000 after purchasing an additional 777 shares during the period. 54.00% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Canadian National Railway in a research report on Thursday, May 24th. They issued a “hold” rating and a $84.00 price objective on the stock. Deutsche Bank raised shares of Canadian National Railway from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a research report on Thursday, May 24th. Deutsche Bank raised shares of Canadian National Railway from a “sell” rating to a “hold” rating and set a $81.00 price objective on the stock in a research report on Thursday, May 24th. Barclays dropped their price objective on shares of Canadian National Railway from $80.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 25th. Finally, ValuEngine lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.80.

NYSE:CNI opened at $87.46 on Wednesday. Canadian National Railway has a 52 week low of $70.59 and a 52 week high of $90.57. The stock has a market cap of $63.86 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 24th. The transportation company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.46. Canadian National Railway had a net margin of 42.08% and a return on equity of 22.90%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm earned $1.34 earnings per share. Canadian National Railway’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities research analysts anticipate that Canadian National Railway will post 4.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be given a dividend of $0.3429 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, September 6th. Canadian National Railway’s dividend payout ratio is 35.94%.

Canadian National Railway Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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

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