Deutsche Bank AG Acquires 1,182,106 Shares of Canadian National Railway Company $CNI

Deutsche Bank AG increased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,998,101 shares of the transportation company’s stock after buying an additional 1,182,106 shares during the period. Deutsche Bank AG’s holdings in Canadian National Railway were worth $889,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Tacita Capital Inc raised its stake in Canadian National Railway by 0.6% in the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after buying an additional 109 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its position in shares of Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after purchasing an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Canadian National Railway by 10.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock worth $116,000 after purchasing an additional 113 shares in the last quarter. Patten Group Inc. increased its position in shares of Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after purchasing an additional 114 shares in the last quarter. Finally, ICW Investment Advisors LLC increased its position in shares of Canadian National Railway by 0.7% during the third quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock worth $1,558,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

NYSE:CNI opened at $120.40 on Wednesday. Canadian National Railway Company has a one year low of $90.74 and a one year high of $122.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $73.17 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.31 and a beta of 0.96. The firm’s fifty day moving average is $112.34 and its two-hundred day moving average is $105.07.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company earned $1.85 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Research analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is presently 48.73%.

Wall Street Analysts Forecast Growth

CNI has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce upped their price target on Canadian National Railway from C$164.00 to C$182.00 and gave the stock an “outperformer” rating in a research report on Tuesday. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Citigroup upped their price target on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein upped their price target on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Finally, Weiss Ratings downgraded Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.