Value Partners Investments Inc. Has $56.75 Million Stock Holdings in Canadian National Railway Company $CNI

Value Partners Investments Inc. lifted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.7% during the third quarter, Holdings Channel reports. The institutional investor owned 601,920 shares of the transportation company’s stock after buying an additional 47,975 shares during the quarter. Canadian National Railway makes up approximately 4.6% of Value Partners Investments Inc.’s investment portfolio, making the stock its 8th largest position. Value Partners Investments Inc.’s holdings in Canadian National Railway were worth $56,746,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Addison Advisors LLC boosted its stake in Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after buying an additional 150 shares in the last quarter. Curio Wealth LLC raised its position in Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after acquiring an additional 316 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Canadian National Railway by 42.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 167 shares during the last quarter. Caldwell Trust Co bought a new position in shares of Canadian National Railway during the 2nd quarter valued at about $68,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Canadian National Railway during the 1st quarter valued at about $74,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CNI. Barclays dropped their target price on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Susquehanna lifted their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. CIBC upgraded Canadian National Railway from a “neutral” rating to an “outperformer” rating and increased their price objective for the company from $146.00 to $151.00 in a research report on Friday, November 28th. Royal Bank Of Canada raised their price objective on Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, Evercore ISI boosted their target price on Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of $117.36.

Canadian National Railway Trading Up 0.5%

Canadian National Railway stock opened at $98.71 on Wednesday. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $108.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60. The firm has a market capitalization of $60.75 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.21 and a beta of 0.96. The company has a 50 day moving average price of $95.90 and a 200 day moving average price of $97.09.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 EPS. Research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be paid a $0.8875 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 annualized dividend and a yield of 3.6%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.01%.

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.