Atwater Malick LLC Buys 2,141 Shares of Canadian National Railway (NYSE:CNI)

Atwater Malick LLC raised its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 59,981 shares of the transportation company’s stock after purchasing an additional 2,141 shares during the quarter. Canadian National Railway accounts for about 3.7% of Atwater Malick LLC’s investment portfolio, making the stock its 11th biggest position. Atwater Malick LLC’s holdings in Canadian National Railway were worth $6,937,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Canadian National Railway by 22.0% during the 2nd quarter. Bank of Montreal Can now owns 21,059,332 shares of the transportation company’s stock valued at $2,241,343,000 after acquiring an additional 3,803,874 shares in the last quarter. Jarislowsky Fraser Ltd raised its stake in shares of Canadian National Railway by 14.0% in the second quarter. Jarislowsky Fraser Ltd now owns 12,161,571 shares of the transportation company’s stock worth $1,284,510,000 after acquiring an additional 1,494,019 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Canadian National Railway by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 10,673,410 shares of the transportation company’s stock worth $1,126,260,000 after buying an additional 174,248 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Canadian National Railway by 11.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,833,543 shares of the transportation company’s stock worth $1,155,339,000 after buying an additional 886,859 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Canadian National Railway by 15.8% during the second quarter. CIBC Asset Management Inc now owns 6,875,479 shares of the transportation company’s stock worth $724,703,000 after buying an additional 938,367 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.

A number of equities research analysts recently weighed in on CNI shares. Scotiabank boosted their price target on shares of Canadian National Railway from C$160.00 to C$166.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 20th. CIBC downgraded shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 27th. They noted that the move was a valuation call. TD Securities started coverage on shares of Canadian National Railway in a research note on Wednesday, October 20th. They set a “buy” rating and a $176.00 price target for the company. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Canadian National Railway from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, October 22nd. Seventeen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $143.00.

Shares of Canadian National Railway stock traded up $0.40 on Thursday, hitting $130.97. The company had a trading volume of 862,873 shares, compared to its average volume of 1,649,321. The firm has a market capitalization of $92.60 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.48 and a beta of 0.84. Canadian National Railway has a twelve month low of $100.66 and a twelve month high of $136.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.39 and a quick ratio of 1.21. The stock has a 50-day moving average of $124.81 and a 200-day moving average of $114.69.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Monday, October 18th. The transportation company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.40. Canadian National Railway had a net margin of 32.81% and a return on equity of 19.90%. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Canadian National Railway will post 4.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 30th. Investors of record on Thursday, December 9th will be issued a dividend of $0.4977 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.48. The ex-dividend date is Wednesday, December 8th. This represents a $1.99 annualized dividend and a yield of 1.52%. Canadian National Railway’s dividend payout ratio is presently 36.95%.

About Canadian National Railway

Canadian National Railway Co engages in rail and related transportation business. The firm’s services include rail, intermodal, trucking, supply chain services, business development and maps and network. It offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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