Jupiter Asset Management Ltd. Takes $2.78 Million Position in Canadian National Railway Company $CNI

Jupiter Asset Management Ltd. bought a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 28,089 shares of the transportation company’s stock, valued at approximately $2,782,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cardinal Point Capital Management ULC lifted its position in shares of Canadian National Railway by 28.8% in the third quarter. Cardinal Point Capital Management ULC now owns 124,426 shares of the transportation company’s stock valued at $11,730,000 after acquiring an additional 27,857 shares in the last quarter. Lincluden Management Ltd. lifted its position in shares of Canadian National Railway by 4.1% in the third quarter. Lincluden Management Ltd. now owns 434,344 shares of the transportation company’s stock valued at $40,717,000 after acquiring an additional 17,257 shares in the last quarter. Kensington Investment Counsel LLC acquired a new stake in shares of Canadian National Railway in the third quarter valued at approximately $3,079,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Canadian National Railway in the third quarter valued at approximately $32,174,000. Finally, Scharf Investments LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $8,283,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI stock opened at $118.54 on Friday. The business has a fifty day moving average of $109.59 and a two-hundred day moving average of $103.80. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The stock has a market cap of $72.04 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.95. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $119.87.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. As a group, research analysts anticipate that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.1%. Canadian National Railway’s dividend payout ratio (DPR) is 48.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. Evercore cut their price target on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Monday, February 2nd. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price target for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Finally, Royal Bank Of Canada increased their price target on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of $122.04.

Canadian National Railway Company 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.