Canadian National Railway Company $CNI Holdings Lifted by Saturna Capital Corp

Saturna Capital Corp raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 400,263 shares of the transportation company’s stock after acquiring an additional 16,049 shares during the quarter. Saturna Capital Corp’s holdings in Canadian National Railway were worth $41,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Lazard Asset Management LLC grew its holdings in Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after buying an additional 8,954,310 shares in the last quarter. Norges Bank acquired a new stake in Canadian National Railway in the 4th quarter valued at approximately $570,161,000. FIL Ltd raised its stake in 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 acquiring an additional 5,210,403 shares in the last quarter. AQR Capital Management LLC raised its stake in Canadian National Railway by 6,329.2% during the 4th quarter. AQR Capital Management LLC now owns 1,234,030 shares of the transportation company’s stock valued at $122,050,000 after acquiring an additional 1,214,836 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Canadian National Railway by 15.1% during the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock worth $889,462,000 after acquiring an additional 1,182,106 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

CNI opened at $127.32 on Wednesday. The business has a 50 day moving average price of $119.12 and a two-hundred day moving average price of $110.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market capitalization of $77.16 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.96. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $129.52.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $3.15 billion. During the same period last year, the firm earned $1.85 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts predict that Canadian National Railway Company will post 5.67 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $0.915 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 2.9%. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings cut Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Citigroup lifted their price objective on shares of Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citizens Jmp began coverage on shares of Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Finally, Bank of America raised their target price on shares of Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $132.12.

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.