Canadian National Railway Company $CNI Shares Sold by Partners Group Holding AG

Partners Group Holding AG decreased its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 26.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 307,025 shares of the transportation company’s stock after selling 111,356 shares during the period. Canadian National Railway makes up approximately 1.6% of Partners Group Holding AG’s investment portfolio, making the stock its 22nd largest holding. Partners Group Holding AG’s holdings in Canadian National Railway were worth $28,877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Canadian National Railway during the 2nd quarter valued at approximately $591,904,000. Fisher Asset Management LLC purchased a new position in shares of Canadian National Railway in the 2nd quarter valued at about $189,748,000. Troy Asset Management Ltd lifted its position in shares of Canadian National Railway by 158.8% during the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after buying an additional 1,680,223 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Canadian National Railway by 26.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,705,679 shares of the transportation company’s stock valued at $695,048,000 after purchasing an additional 1,408,978 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Canadian National Railway by 20.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,296,828 shares of the transportation company’s stock worth $655,768,000 after buying an additional 1,051,977 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CNI. Vertical Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Barclays dropped their target price on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Susquehanna upped their price objective on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Stephens cut their target price on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Finally, Citigroup dropped their target price on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.91.

Canadian National Railway Trading Down 2.0%

NYSE:CNI opened at $109.05 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The firm has a market cap of $66.86 billion, a P/E ratio of 20.08, a PEG ratio of 2.34 and a beta of 0.94. The stock’s 50 day simple moving average is $101.31 and its 200-day simple moving average is $97.33. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $111.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. The business had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. Equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.4%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio is 46.59%.

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.