Canadian National Railway (NYSE:CNI) Shares Bought by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd increased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 53,243 shares of the transportation company’s stock after buying an additional 1,255 shares during the period. Canadian National Railway comprises approximately 1.2% of Ninety One SA PTY Ltd’s holdings, making the stock its 24th biggest position. Ninety One SA PTY Ltd’s holdings in Canadian National Railway were worth $5,404,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ninety One UK Ltd grew its stake in Canadian National Railway by 11.5% during the 4th quarter. Ninety One UK Ltd now owns 2,043,665 shares of the transportation company’s stock worth $207,422,000 after buying an additional 210,630 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in Canadian National Railway by 2.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 44,998 shares of the transportation company’s stock valued at $4,568,000 after purchasing an additional 1,028 shares in the last quarter. Jennison Associates LLC grew its holdings in Canadian National Railway by 7.8% during the fourth quarter. Jennison Associates LLC now owns 152,814 shares of the transportation company’s stock worth $15,512,000 after acquiring an additional 11,016 shares during the period. Greenleaf Trust grew its stake in shares of Canadian National Railway by 3.2% in the 4th quarter. Greenleaf Trust now owns 6,739 shares of the transportation company’s stock worth $684,000 after purchasing an additional 212 shares during the last quarter. Finally, Haven Global Partners LLC bought a new stake in Canadian National Railway during the fourth quarter worth approximately $14,562,000. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Bank of America reduced their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Up 3.1 %

Shares of Canadian National Railway stock opened at $101.79 on Wednesday. The firm has a market cap of $64.01 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.47 and a beta of 0.91. The stock has a 50-day simple moving average of $104.22 and a 200-day simple moving average of $110.63. Canadian National Railway has a 52-week low of $98.69 and a 52-week high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.42%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 46.68%.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.