Canadian National Railway Company $CNI Shares Purchased by QV Investors Inc.

QV Investors Inc. boosted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 629,069 shares of the transportation company’s stock after buying an additional 43,523 shares during the quarter. Canadian National Railway makes up approximately 5.1% of QV Investors Inc.’s portfolio, making the stock its 3rd biggest position. QV Investors Inc.’s holdings in Canadian National Railway were worth $62,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of CNI. Savvy Advisors Inc. grew its stake in shares of Canadian National Railway by 14.9% in the 4th quarter. Savvy Advisors Inc. now owns 3,847 shares of the transportation company’s stock valued at $380,000 after buying an additional 498 shares during the period. Trust Co. of Vermont raised its position in shares of Canadian National Railway by 40.0% during the 4th quarter. Trust Co. of Vermont now owns 5,603 shares of the transportation company’s stock valued at $554,000 after buying an additional 1,600 shares during the period. Kwmg LLC lifted its holdings in Canadian National Railway by 4.8% in the fourth quarter. Kwmg LLC now owns 63,065 shares of the transportation company’s stock valued at $6,234,000 after acquiring an additional 2,904 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in Canadian National Railway by 2.1% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,109 shares of the transportation company’s stock valued at $604,000 after acquiring an additional 123 shares during the last quarter. Finally, Scharf Investments LLC purchased a new position in Canadian National Railway in the fourth quarter worth approximately $8,283,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.0%

NYSE:CNI opened at $104.20 on Friday. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $113.08. The stock’s fifty day moving average is $104.51 and its two-hundred day moving average is $99.21. The stock has a market capitalization of $63.69 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. Research 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 declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th were given a $0.915 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $3.66 annualized dividend and a yield of 3.5%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio is 49.36%.

Analyst Ratings Changes

Several research firms have issued reports on CNI. Royal Bank Of Canada cut their target price on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. 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 note on Tuesday, March 31st. BMO Capital Markets reiterated an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Finally, Stephens reduced their price objective on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average price target of $115.70.

Canadian National Railway 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.