Lazard Asset Management LLC Increases Stock Position in Canadian National Railway Company $CNI

Lazard Asset Management LLC raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,077,518 shares of the transportation company’s stock after acquiring an additional 173,894 shares during the quarter. Canadian National Railway makes up 1.5% of Lazard Asset Management LLC’s investment portfolio, making the stock its 11th largest position. Lazard Asset Management LLC’s holdings in Canadian National Railway were worth $934,488,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CNI. OMERS ADMINISTRATION Corp bought a new position in Canadian National Railway in the 1st quarter worth $59,507,000. Lombard Odier Asset Management Switzerland SA bought a new position in Canadian National Railway during the 1st quarter valued at approximately $1,137,000. Cumberland Partners Ltd raised its holdings in Canadian National Railway by 132.9% in the first quarter. Cumberland Partners Ltd now owns 32,950 shares of the transportation company’s stock worth $3,381,000 after buying an additional 18,800 shares during the last quarter. Sustainable Insight Capital Management LLC lifted its holdings in shares of Canadian National Railway by 25.4% during the first quarter. Sustainable Insight Capital Management LLC now owns 12,540 shares of the transportation company’s stock valued at $1,291,000 after purchasing an additional 2,540 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Canadian National Railway by 179.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 150,000 shares of the transportation company’s stock worth $15,433,000 after purchasing an additional 96,233 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $129.53 on Monday. The firm has a fifty day simple moving average of $120.15 and a two-hundred day simple moving average of $110.72. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $131.55. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $78.50 billion, a P/E ratio of 22.97, a PEG ratio of 2.47 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.33%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 EPS. On average, analysts expect that Canadian National Railway Company will post 5.67 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.55%.

Analyst Ratings Changes

CNI has been the subject of several analyst reports. Citizens Jmp initiated coverage on Canadian National Railway in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. National Bank Financial set a $124.00 target price on shares of Canadian National Railway in a research note on Thursday, June 25th. Barclays lifted their price target on shares of Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Finally, Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a research report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.12.

Canadian National Railway News Summary

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: CNI posted second-quarter earnings of $2.08 per share, well above the $1.39 consensus estimate, while revenue rose 11.3% year over year, signaling stronger operational performance. Article Title
• Positive Sentiment: The company raised its 2026 guidance and increased its volume outlook, which suggests management expects demand trends and network utilization to remain supportive. Article Title
• Positive Sentiment: CN also announced a quarterly dividend of C$0.915 per share, reinforcing its capital-return profile for income-focused investors. Article Title
• Positive Sentiment: CN and Union Pacific announced an agreement to improve North American rail connectivity, which could create new cross-border service opportunities and expand customer access. Article Title

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.