Sumitomo Mitsui DS Asset Management Company Ltd Has $1.13 Million Stake in Canadian National Railway (NYSE:CNI)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,154 shares of the transportation company’s stock after selling 337 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Canadian National Railway were worth $1,132,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. XTX Topco Ltd boosted its stake in Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after purchasing an additional 4,698 shares in the last quarter. Principal Financial Group Inc. lifted its position in Canadian National Railway by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after buying an additional 21,100 shares in the last quarter. Unigestion Holding SA grew its holdings in Canadian National Railway by 363.6% during the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after acquiring an additional 120,687 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Canadian National Railway by 5.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after acquiring an additional 202,303 shares in the last quarter. Finally, Partners Group Holding AG raised its stake in shares of Canadian National Railway by 16.3% in the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after acquiring an additional 56,849 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Trading Up 0.3 %

CNI opened at $102.85 on Wednesday. The firm’s fifty day moving average is $103.38 and its two-hundred day moving average is $110.07. The firm has a market cap of $64.67 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities research analysts anticipate that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.40%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 46.68%.

Analyst Ratings Changes

Several analysts have recently commented on CNI shares. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Royal Bank of Canada decreased their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Susquehanna dropped their target price on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Bank of America decreased their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.