Smithbridge Asset Management Inc. DE Has $5.53 Million Holdings in Canadian National Railway Company $CNI

Smithbridge Asset Management Inc. DE increased its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 91.9% during the fourth quarter, Holdings Channel reports. The fund owned 55,900 shares of the transportation company’s stock after acquiring an additional 26,765 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Canadian National Railway were worth $5,526,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG raised its position in Canadian National Railway by 15.1% during the fourth quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after buying an additional 1,182,106 shares during the period. Letko Brosseau & Associates Inc. acquired a new position in Canadian National Railway during the fourth quarter valued at $76,586,000. Everett Harris & Co. CA acquired a new position in Canadian National Railway during the fourth quarter valued at $204,000. Claret Asset Management Corp raised its position in Canadian National Railway by 54.5% during the fourth quarter. Claret Asset Management Corp now owns 120,355 shares of the transportation company’s stock valued at $11,904,000 after buying an additional 42,445 shares during the period. Finally, West Family Investments Inc. acquired a new position in Canadian National Railway during the fourth quarter valued at $264,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Sanford C. Bernstein upped their price target on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada upped their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Citigroup upped their price objective on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $119.31 on Thursday. 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 Company has a fifty-two week low of $90.74 and a fifty-two week high of $122.48. The stock’s 50-day moving average is $112.70 and its two-hundred day moving average is $105.27. The firm has a market cap of $72.50 billion, a P/E ratio of 21.69, a PEG ratio of 2.30 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the firm posted $1.85 EPS. The business’s revenue was down .5% compared to the same quarter last year. Analysts predict that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 annualized dividend and a dividend yield of 3.1%. Canadian National Railway’s dividend payout ratio is 48.55%.

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.