PensionDanmark Pensionsforsikringsaktieselskab Has $13.77 Million Stock Position in Canadian National Railway Company $CNI

PensionDanmark Pensionsforsikringsaktieselskab increased its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 17.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,446 shares of the transportation company’s stock after purchasing an additional 17,223 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Canadian National Railway were worth $13,770,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNI. Fisher Asset Management LLC increased its stake in Canadian National Railway by 10.5% in the fourth quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock valued at $225,356,000 after acquiring an additional 216,963 shares during the last quarter. Norges Bank bought a new stake in Canadian National Railway during the fourth quarter worth $570,161,000. Clean Energy Transition LLP acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at $47,268,000. Cardinal Capital Management Inc. increased its stake in shares of Canadian National Railway by 31.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 974,350 shares of the transportation company’s stock valued at $96,314,000 after purchasing an additional 232,120 shares during the last quarter. Finally, Act Two Investors LLC increased its stake in shares of Canadian National Railway by 35.9% in the 4th quarter. Act Two Investors LLC now owns 146,385 shares of the transportation company’s stock valued at $14,470,000 after purchasing an additional 38,688 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CNI. Benchmark restated 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 “hold (c+)” rating in a report on Tuesday, July 28th. Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price for the company in a research report on Thursday, June 25th. Bank of America lifted their price objective on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada boosted their price objective on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $137.40.

Canadian National Railway Stock Up 0.1%

Canadian National Railway stock opened at $126.59 on Friday. The company has a market capitalization of $76.71 billion, a PE ratio of 22.44, a PEG ratio of 2.36 and a beta of 0.95. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $131.55. The firm’s fifty day moving average is $122.55 and its 200 day moving average is $112.65. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted $1.87 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Canadian National Railway Company will post 5.78 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

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 given a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio is 47.34%.

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.