Union Bancaire Privee UBP SA Raises Stock Holdings in Canadian National Railway Company $CNI

Union Bancaire Privee UBP SA lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 26.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,783 shares of the transportation company’s stock after buying an additional 12,471 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Canadian National Railway were worth $6,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Lincluden Management Ltd. increased its stake 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 purchasing an additional 17,257 shares in the last quarter. Kensington Investment Counsel LLC purchased a new position in shares of Canadian National Railway during the 3rd quarter valued at $3,079,000. Scharf Investments LLC bought a new position in Canadian National Railway in the 4th quarter worth $8,283,000. CIBC Bancorp USA Inc. bought a new position in Canadian National Railway in the 3rd quarter worth $32,174,000. Finally, Fisher Asset Management LLC increased its stake in Canadian National Railway by 10.5% in 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 owned by hedge funds and other institutional investors.

Canadian National Railway Stock Up 0.2%

Shares of CNI stock opened at $120.61 on Friday. The company’s fifty day simple moving average is $114.95 and its two-hundred day simple moving average is $106.99. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $122.48. The stock has a market cap of $73.18 billion, a P/E ratio of 21.93, a PEG ratio of 2.27 and a beta of 0.96. 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 issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the business posted $1.85 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Analysts predict that Canadian National Railway Company will post 5.75 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 3.0%. Canadian National Railway’s dividend payout ratio is presently 48.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. National Bank Financial set a $124.00 price objective on Canadian National Railway in a research report on Thursday. Canadian Imperial Bank of Commerce increased their target price on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday. Evercore raised Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a research note on Thursday. Royal Bank Of Canada boosted their price target on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Bank of America upped their price target on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.12.

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.