Markel Group Inc. Invests $2.36 Million in Canadian National Railway Company $CNI

Markel Group Inc. bought a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 25,000 shares of the transportation company’s stock, valued at approximately $2,358,000.

Other institutional investors have also bought and sold shares of the company. Addison Advisors LLC boosted its stake in shares of Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after acquiring an additional 150 shares during the period. Curio Wealth LLC lifted its holdings in Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares in the last quarter. First Horizon Corp bought a new position in Canadian National Railway in the 3rd quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Canadian National Railway during the 3rd quarter valued at approximately $50,000. Finally, Private Trust Co. NA raised its position in shares of Canadian National Railway by 30.8% during the third quarter. Private Trust Co. NA now owns 603 shares of the transportation company’s stock valued at $57,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the subject of several research analyst reports. Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note 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 company an “outperform” rating in a research report on Monday, November 3rd. Susquehanna boosted their target price on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Barclays raised their target price on shares of Canadian National Railway from $97.00 to $101.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, CIBC upgraded shares of 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.64.

Canadian National Railway Price Performance

CNI stock opened at $99.84 on Tuesday. The stock has a market cap of $61.34 billion, a PE ratio of 18.95, a P/E/G ratio of 2.08 and a beta of 0.96. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $108.75. The company has a 50-day moving average price of $97.63 and a 200 day moving average price of $96.24. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 0.92.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion during 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 firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. Equities research analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th were paid a dividend of $0.8875 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, December 9th. Canadian National Railway’s payout ratio is presently 48.01%.

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.