Canadian National Railway Company $CNI Stock Holdings Lifted by Quadrature Capital Ltd

Quadrature Capital Ltd lifted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1,693.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,739,700 shares of the transportation company’s stock after purchasing an additional 1,642,700 shares during the period. Canadian National Railway accounts for about 1.9% of Quadrature Capital Ltd’s portfolio, making the stock its 9th largest holding. Quadrature Capital Ltd owned approximately 0.28% of Canadian National Railway worth $164,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CNI. Vanguard Group Inc. lifted its position in Canadian National Railway by 1.6% during the third quarter. Vanguard Group Inc. now owns 24,300,252 shares of the transportation company’s stock worth $2,291,562,000 after buying an additional 372,859 shares in the last quarter. Bank of Montreal Can grew its holdings in Canadian National Railway by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock valued at $1,338,948,000 after buying an additional 42,907 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Canadian National Railway by 0.4% in the 3rd quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock valued at $813,287,000 after buying an additional 35,938 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Canadian National Railway by 26.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company’s stock worth $695,048,000 after acquiring an additional 1,408,978 shares during the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Canadian National Railway by 11.6% in the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock worth $610,076,000 after acquiring an additional 671,127 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

NYSE CNI opened at $103.77 on Friday. The stock has a market cap of $63.62 billion, a PE ratio of 19.11, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $113.08. The stock has a fifty day simple moving average of $103.54 and a 200-day simple moving average of $98.46.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the firm earned $1.82 EPS. Canadian National Railway’s revenue was up 2.4% on a year-over-year basis. Equities analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.915 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is 49.36%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce upgraded shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and raised their price objective for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Barclays decreased their target price on shares of Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $118.91.

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.