Mawer Investment Management Ltd. Has $257.28 Million Holdings in Canadian National Railway (CNI)

Mawer Investment Management Ltd. lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,122,644 shares of the transportation company’s stock after selling 54,505 shares during the period. Canadian National Railway comprises about 2.1% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 11th largest position. Mawer Investment Management Ltd.’s holdings in Canadian National Railway were worth $257,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in shares of Canadian National Railway by 4.9% during the 2nd quarter. Sterling Capital Management LLC now owns 3,555 shares of the transportation company’s stock valued at $288,000 after purchasing an additional 166 shares in the last quarter. ETRADE Capital Management LLC boosted its position in shares of Canadian National Railway by 4.5% during the 3rd quarter. ETRADE Capital Management LLC now owns 15,565 shares of the transportation company’s stock valued at $1,290,000 after purchasing an additional 670 shares in the last quarter. Guardian Capital Advisors LP boosted its position in shares of Canadian National Railway by 0.3% during the 3rd quarter. Guardian Capital Advisors LP now owns 216,729 shares of the transportation company’s stock valued at $22,220,000 after purchasing an additional 675 shares in the last quarter. Atria Investments LLC boosted its position in shares of Canadian National Railway by 15.3% during the 4th quarter. Atria Investments LLC now owns 5,356 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 710 shares in the last quarter. Finally, Dempze Nancy E boosted its position in shares of Canadian National Railway by 3.0% during the 3rd quarter. Dempze Nancy E now owns 25,161 shares of the transportation company’s stock valued at $2,085,000 after purchasing an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 54.49% of the company’s stock.

Several equities research analysts recently commented on CNI shares. Zacks Investment Research upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Raymond James Financial lowered Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Cowen restated an “outperform” rating and set a $90.00 target price (up previously from $88.00) on shares of Canadian National Railway in a research report on Wednesday, January 24th. Desjardins upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, Deutsche Bank started coverage on Canadian National Railway in a research report on Wednesday, November 1st. They set a “sell” rating and a $73.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.88.

Canadian National Railway (NYSE:CNI) opened at $76.18 on Tuesday. Canadian National Railway has a 52 week low of $69.73 and a 52 week high of $85.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.55. The firm has a market capitalization of $56,426.53, a P/E ratio of 13.51, a P/E/G ratio of 1.91 and a beta of 1.00.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 8th will be paid a dividend of $0.3665 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.47 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, March 7th. Canadian National Railway’s dividend payout ratio is 23.23%.

Canadian National Railway announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 24th that authorizes the company to repurchase 31,000,000 shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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Canadian National Railway Profile

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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