Canadian National Railway (NYSE:CNI) Shares Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,069 shares of the transportation company’s stock after buying an additional 42,239 shares during the quarter. Canadian National Railway comprises approximately 7.0% of Louisbourg Investments Inc.’s investment portfolio, making the stock its biggest holding. Louisbourg Investments Inc.’s holdings in Canadian National Railway were worth $29,136,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in 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 purchasing an additional 790,420 shares during the period. National Bank of Canada FI grew its holdings in 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 valued at $789,030,000 after purchasing an additional 2,137,948 shares during the period. Fiera Capital Corp grew its holdings in Canadian National Railway by 0.7% during the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after purchasing an additional 39,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after purchasing an additional 202,303 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Canadian National Railway by 6.6% during the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company’s stock valued at $302,895,000 after purchasing an additional 158,757 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $102.85 on Wednesday. The company’s fifty day simple moving average is $103.26 and its 200-day simple moving average is $109.98. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market cap of $64.67 billion, a PE ratio of 20.09, a P/E/G ratio of 1.94 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities research analysts expect that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared 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 is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is 46.68%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CNI shares. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Stephens restated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Barclays cut their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

About Canadian National Railway

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.