Fiera Capital Corp Buys 142,070 Shares of Canadian National Railway (NYSE:CNI)

Fiera Capital Corp boosted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,624,594 shares of the transportation company’s stock after purchasing an additional 142,070 shares during the quarter. Canadian National Railway comprises 1.8% of Fiera Capital Corp’s holdings, making the stock its 14th largest holding. Fiera Capital Corp owned 0.89% of Canadian National Railway worth $570,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in Canadian National Railway during the fourth quarter valued at approximately $30,000. Coastline Trust Co purchased a new stake in Canadian National Railway during the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new position in Canadian National Railway in the third quarter worth $41,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CNI shares. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, January 10th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Barclays lowered their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Price Performance

Shares of CNI opened at $102.65 on Thursday. The company has a market capitalization of $64.55 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.94 and a beta of 0.91. The business’s 50-day moving average is $103.26 and its two-hundred day moving average is $109.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Research analysts predict that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.40%. Canadian National Railway’s dividend payout ratio is 46.68%.

Canadian National Railway Company 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.