Canadian National Railway Company $CNI Shares Purchased by Fiera Capital Corp

Fiera Capital Corp raised its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,648,582 shares of the transportation company’s stock after purchasing an additional 176,872 shares during the quarter. Canadian National Railway comprises 2.1% of Fiera Capital Corp’s portfolio, making the stock its 10th largest position. Fiera Capital Corp’s holdings in Canadian National Railway were worth $657,784,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cardinal Point Capital Management ULC increased 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 worth $11,730,000 after acquiring an additional 27,857 shares in the last quarter. Lincluden Management Ltd. increased 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 worth $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 worth $3,079,000. Scharf Investments LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $8,283,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Canadian National Railway in the third quarter worth $32,174,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays increased their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Sanford C. Bernstein increased their price objective on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Price Performance

Shares of CNI stock opened at $120.50 on Monday. The company has a market capitalization of $73.23 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The firm has a fifty day simple moving average of $111.57 and a 200-day simple moving average of $104.70. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48.

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

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.915 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. Canadian National Railway’s dividend payout ratio is 48.73%.

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.