Canadian National Railway Company $CNI Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,510 shares of the transportation company’s stock after purchasing an additional 2,973 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Canadian National Railway were worth $4,641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. New York State Common Retirement Fund grew its stake in Canadian National Railway by 3.3% during the 1st quarter. New York State Common Retirement Fund now owns 36,402 shares of the transportation company’s stock worth $3,548,000 after buying an additional 1,175 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Canadian National Railway by 27.4% in the first quarter. SBI Securities Co. Ltd. now owns 945 shares of the transportation company’s stock worth $92,000 after acquiring an additional 203 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Canadian National Railway by 33.3% during the first quarter. Larson Financial Group LLC now owns 1,546 shares of the transportation company’s stock worth $151,000 after acquiring an additional 386 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in shares of Canadian National Railway by 38.0% during the first quarter. Crestwood Advisors Group LLC now owns 3,882 shares of the transportation company’s stock worth $378,000 after acquiring an additional 1,068 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in shares of Canadian National Railway by 19.4% during the first quarter. HighPoint Advisor Group LLC now owns 2,900 shares of the transportation company’s stock valued at $280,000 after acquiring an additional 471 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Bank of America dropped their target price on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Citigroup lifted their price objective on shares of Canadian National Railway from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada raised their target price 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. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Finally, National Bank Financial lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $114.00.

Canadian National Railway Price Performance

Shares of CNI opened at $96.13 on Friday. The business’s 50-day moving average is $94.87 and its two-hundred day moving average is $98.58. The company has a market capitalization of $59.26 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.13 and a beta of 0.95. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $112.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 earnings per share. Research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.8875 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 annualized dividend and a dividend yield of 3.7%. Canadian National Railway’s payout ratio is presently 48.01%.

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.