Erste Asset Management GmbH Increases Holdings in Canadian National Railway Company $CNI

Erste Asset Management GmbH boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 41.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,501 shares of the transportation company’s stock after purchasing an additional 54,337 shares during the period. Erste Asset Management GmbH’s holdings in Canadian National Railway were worth $18,321,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in Canadian National Railway during the 1st quarter valued at approximately $311,000. Focus Partners Wealth boosted its position in Canadian National Railway by 11.1% during the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after acquiring an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in Canadian National Railway during the 2nd quarter valued at approximately $202,000. EverSource Wealth Advisors LLC boosted its position in Canadian National Railway by 52.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 383 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in Canadian National Railway by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after acquiring an additional 474 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CNI. Royal Bank Of Canada lifted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Citigroup boosted their price target on 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 boosted their price target on 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. Finally, Sanford C. Bernstein boosted their price target on 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 research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $122.04.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $120.92 on Tuesday. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48. The firm has a market cap of $73.49 billion, a P/E ratio of 21.99, a PEG ratio of 2.31 and a beta of 0.96. The company has a 50 day moving average of $111.96 and a 200 day moving average of $104.89. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business earned $1.85 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts expect that Canadian National Railway Company will post 5.76 EPS 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. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.0%. Canadian National Railway’s payout ratio is currently 48.73%.

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.