Triasima Portfolio Management inc. Invests $3.84 Million in Canadian National Railway Company $CNI

Triasima Portfolio Management inc. purchased a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 38,800 shares of the transportation company’s stock, valued at approximately $3,842,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 10.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock worth $116,000 after purchasing an additional 113 shares in the last quarter. Patten Group Inc. raised its stake in shares of Canadian National Railway by 1.4% during the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after purchasing an additional 114 shares in the last quarter. ICW Investment Advisors LLC raised its stake in shares of Canadian National Railway by 0.7% during the 3rd quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock worth $1,558,000 after purchasing an additional 120 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Canadian National Railway by 2.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,109 shares of the transportation company’s stock worth $604,000 after purchasing an additional 123 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of Canadian National Railway by 1.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,014 shares of the transportation company’s stock worth $661,000 after purchasing an additional 128 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of recent research reports. Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Sanford C. Bernstein raised their price objective on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada raised their price objective on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian National Railway in a research note on Monday, April 20th. Finally, UBS Group downgraded Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $122.04.

Trending Headlines about Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Broker upgrades and higher targets from RBC and Citi increase upside expectations — RBC raised its target to $178 with an “outperform” rating, and Citigroup raised its target to $124 with a “buy” rating, signaling strong analyst conviction in CNI’s medium-term earnings power. Article Title Article Title
• Positive Sentiment: Q1 results met earnings estimates, revenue grew year-over-year and the company raised its dividend — supports income and cash-flow narratives that investors favor for CNI. Article Title
• Neutral Sentiment: Board continuity: CN confirmed election of the director slate at its May 1 annual meeting, removing near-term governance uncertainty. Article Title
• Neutral Sentiment: Investor materials: The company’s Q1 results presentation and earnings call deck are available for deeper detail on volumes, segment trends and guidance drivers. Useful for modeling near-term revenue and margin assumptions. Article Title
• Negative Sentiment: Competitive risk: CN said it is reviewing Union Pacific and Norfolk Southern’s amended merger re-application to the Surface Transportation Board and will remain engaged — a combined UP–NS could reshape competitive dynamics and pricing power in key corridors, representing a downside risk for CN. Article Title
• Negative Sentiment: Mixed analyst signals: Barclays raised its target slightly but kept an “equal weight” rating with a target still below the current price, highlighting that some analysts see limited near-term upside or higher risk relative to peers. Article Title Article Title

Canadian National Railway Stock Down 0.0%

Shares of CNI stock opened at $111.94 on Monday. The stock’s 50 day simple moving average is $107.47 and its 200 day simple moving average is $101.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $115.80. The company has a market capitalization of $68.15 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.15 and a beta 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 business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the business earned $1.85 EPS. The firm’s revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that Canadian National Railway Company will post 5.74 EPS for the current year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. 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 3.3%. Canadian National Railway’s dividend payout ratio (DPR) 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.