Aigen Investment Management LP Buys 4,917 Shares of Canadian National Railway (NYSE:CNI)

Aigen Investment Management LP boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 108.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,467 shares of the transportation company’s stock after acquiring an additional 4,917 shares during the quarter. Aigen Investment Management LP’s holdings in Canadian National Railway were worth $961,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. National Bank of Canada FI increased its position in shares of Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after buying an additional 2,137,948 shares during the period. Canoe Financial LP acquired a new stake in Canadian National Railway in the fourth quarter worth $216,943,000. Point72 Asset Management L.P. acquired a new position in shares of Canadian National Railway during the third quarter valued at about $159,907,000. Wellington Management Group LLP grew its holdings in shares of Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after buying an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Canadian National Railway by 64.5% during the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after buying an additional 584,832 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 2.8 %

NYSE:CNI opened at $100.17 on Thursday. Canadian National Railway has a 1-year low of $96.28 and a 1-year high of $134.02. The company has a 50-day moving average of $102.28 and a 200 day moving average of $108.77. The firm has a market cap of $62.93 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. 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 released its quarterly 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 net margin of 26.09% and a return on equity of 22.48%. As a group, research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 represents a $2.46 annualized dividend and a dividend yield of 2.46%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is 47.66%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CNI shares. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group raised shares of 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. Barclays cut their price target 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, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $124.19.

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.