Generali Asset Management SPA SGR Buys New Shares in Canadian National Railway (NYSE:CNI)

Generali Asset Management SPA SGR purchased a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,782 shares of the transportation company’s stock, valued at approximately $3,226,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNI. Banque Cantonale Vaudoise grew its position in Canadian National Railway by 5.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock worth $363,000 after purchasing an additional 152 shares during the period. Avior Wealth Management LLC grew its position in Canadian National Railway by 103.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,427 shares of the transportation company’s stock worth $284,000 after purchasing an additional 1,234 shares during the period. Commerce Bank grew its position in Canadian National Railway by 8.9% during the 3rd quarter. Commerce Bank now owns 5,278 shares of the transportation company’s stock worth $618,000 after purchasing an additional 431 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after purchasing an additional 202,303 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Canadian National Railway by 41.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,644 shares of the transportation company’s stock worth $1,130,000 after purchasing an additional 2,845 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus raised their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Trading Up 0.0 %

CNI opened at $97.55 on Thursday. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02. The stock has a market capitalization of $61.30 billion, a PE ratio of 19.05, a P/E/G ratio of 1.95 and a beta of 0.91. The business’s 50 day moving average price is $101.43 and its 200 day moving average price is $107.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. Canadian National Railway’s payout ratio is presently 47.66%.

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.