Union Bancaire Privee UBP SA Acquires 12,471 Shares of Canadian National Railway Company $CNI

Union Bancaire Privee UBP SA boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 26.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,783 shares of the transportation company’s stock after purchasing 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 SEC filing.

Several other institutional investors have also bought and sold shares of CNI. Vanguard Group Inc. grew its stake in shares of Canadian National Railway by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock worth $2,437,679,000 after buying an additional 346,670 shares in the last quarter. FIL Ltd raised its position in shares of Canadian National Railway by 49.5% during the 4th quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after buying an additional 5,210,403 shares in the last quarter. Bank of Montreal Can raised its position in shares of Canadian National Railway by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock valued at $1,338,948,000 after buying an additional 42,907 shares in the last quarter. Caisse de depot et placement du Quebec lifted its holdings in shares of Canadian National Railway by 1.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock valued at $1,310,600,000 after acquiring an additional 157,000 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Canadian National Railway by 15.1% in the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after acquiring an additional 1,182,106 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $120.61 on Friday. The company has a market capitalization of $73.18 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.27 and a beta of 0.96. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $122.48. The firm’s 50-day moving average is $114.95 and its 200 day moving average is $106.99. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 EPS. Research analysts predict that Canadian National Railway Company will post 5.75 EPS for the current year.

Canadian National Railway Announces Dividend

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 issued a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is presently 48.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CNI shares. Canadian Imperial Bank of Commerce boosted their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research note on Thursday. Barclays raised their price objective on Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday. Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price for the company in a report on Thursday. Citigroup boosted their target price on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada increased their price target on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.12.

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.