Nykredit A S Takes $24.18 Million Position in Canadian National Railway Company $CNI

Nykredit A S bought a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 202,712 shares of the transportation company’s stock, valued at approximately $24,183,000.

Several other large investors have also recently added to or reduced their stakes in CNI. Pin Oak Investment Advisors Inc. acquired a new position in shares of Canadian National Railway during the second quarter worth about $27,000. Curio Wealth LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $31,000. MidFirst Bank acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after buying an additional 280 shares during the period. Finally, MBM Wealth Consultants LLC purchased a new stake in shares of Canadian National Railway during the 1st quarter valued at about $37,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 1.4%

Shares of NYSE CNI opened at $123.13 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $131.55. The stock’s 50-day simple moving average is $125.68 and its 200-day simple moving average is $116.12. The firm has a market cap of $74.51 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.17 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued 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. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the business posted $1.87 earnings per share. Canadian National Railway’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Canadian National Railway Company will post 5.82 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be given a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio is presently 47.34%.

Wall Street Analyst Weigh In

CNI has been the topic of several recent research reports. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Weiss Ratings raised shares of Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. National Bank Financial set a $124.00 price objective on shares of Canadian National Railway in a research note on Thursday, June 25th. Citizens Jmp assumed coverage on shares of Canadian National Railway in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Barclays upped their target price on shares of Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.40.

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.