Generali Asset Management SPA SGR Has $4.55 Million Position in Canadian National Railway Company $CNI

Generali Asset Management SPA SGR decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,011 shares of the transportation company’s stock after selling 7,308 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Canadian National Railway were worth $4,548,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC acquired a new position in Canadian National Railway in the first quarter worth about $311,000. Focus Partners Wealth raised its holdings in shares of Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after buying an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $202,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $116,000 after buying an additional 383 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in Canadian National Railway by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after buying an additional 474 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.7%

NYSE CNI opened at $111.57 on Friday. The stock’s 50 day simple moving average is $107.49 and its 200 day simple moving average is $101.72. Canadian National Railway Company has a one year low of $90.74 and a one year high of $115.80. The firm has a market cap of $67.92 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 2.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49.

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 (EPS) for the quarter, meeting the consensus estimate of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. As a group, sell-side analysts forecast that Canadian National Railway Company will post 5.74 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s payout ratio is currently 48.73%.

Wall Street Analyst Weigh In

CNI has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Stephens cut their price objective on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Sanford C. Bernstein boosted their target price on shares of 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. Barclays upped their target price on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Citigroup increased their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. 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.com, the company presently has a consensus rating of “Hold” and an average target price of $122.04.

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.