Tidal Investments LLC Has $10.17 Million Position in Canadian National Railway Company $CNI

Tidal Investments LLC lifted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 26.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,258 shares of the transportation company’s stock after acquiring an additional 18,080 shares during the period. Tidal Investments LLC’s holdings in Canadian National Railway were worth $10,170,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its holdings in Canadian National Railway by 10.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,279,778 shares of the transportation company’s stock worth $225,356,000 after purchasing an additional 216,963 shares in the last quarter. Norges Bank bought a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $570,161,000. Clean Energy Transition LLP bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $47,268,000. Great Lakes Advisors LLC bought a new position in Canadian National Railway during the 2nd quarter valued at approximately $9,308,000. Finally, Act Two Investors LLC raised its holdings in Canadian National Railway by 35.9% in the fourth quarter. Act Two Investors LLC now owns 146,385 shares of the transportation company’s stock worth $14,470,000 after buying an additional 38,688 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

CNI has been the topic of a number of research analyst reports. Argus restated a “hold” rating on shares of Canadian National Railway in a research report on Monday, August 31st. Evercore upgraded Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a research report on Thursday, June 25th. Citigroup lifted their target price on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.40.

Canadian National Railway Stock Up 1.0%

Canadian National Railway stock opened at $122.35 on Friday. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $131.55. The stock has a market capitalization of $74.04 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. The business has a fifty day moving average price of $125.91 and a 200-day moving average price of $116.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the firm posted $1.87 EPS. Canadian National Railway’s revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Canadian National Railway Company will post 5.82 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway’s payout ratio is presently 45.92%.

About Canadian National Railway

Canadian National Railway Company (NYSE:CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. Its rail system connects the Atlantic, Pacific and Gulf coasts with major industrial centers, ports and distribution markets, supporting trade across North America.

CN transports a diverse range of products, including grain and fertilizers, coal and minerals, forest products, petroleum and chemicals, metals, automotive goods, and consumer and manufactured products.