Canadian National Railway Company $CNI Stock Position Increased by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE boosted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 91.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,900 shares of the transportation company’s stock after acquiring an additional 26,765 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Canadian National Railway were worth $5,526,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lincluden Management Ltd. raised its stake in Canadian National Railway by 4.1% during the 3rd 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 bought a new stake in shares of Canadian National Railway during the 3rd quarter worth about $3,079,000. Scharf Investments LLC bought a new stake in shares of Canadian National Railway during the 4th quarter worth about $8,283,000. CIBC Bancorp USA Inc. bought a new stake in shares of Canadian National Railway during the 3rd quarter worth about $32,174,000. Finally, Fisher Asset Management LLC raised its position in shares of Canadian National Railway by 10.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock worth $225,356,000 after buying an additional 216,963 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Canadian Imperial Bank of Commerce boosted their price objective on Canadian National Railway from C$164.00 to C$182.00 and gave the stock an “outperformer” rating in a research note on Tuesday. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $117.00 to $122.00 in a research note on Thursday, April 9th. Finally, Sanford C. Bernstein boosted their price objective on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Stock Down 0.8%

NYSE CNI opened at $119.31 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The company’s 50 day simple moving average is $112.70 and its 200 day simple moving average is $105.27. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $122.48. The company has a market capitalization of $72.50 billion, a P/E ratio of 21.69, a PEG ratio of 2.30 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion for 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 revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 EPS. Equities research analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.1%. Canadian National Railway’s payout ratio is 48.55%.

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.