Fairfax Financial Holdings Ltd. Can Purchases Shares of 19,800 Canadian National Railway Company $CNI

Fairfax Financial Holdings Ltd. Can acquired a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,800 shares of the transportation company’s stock, valued at approximately $1,960,000. Canadian National Railway makes up 0.1% of Fairfax Financial Holdings Ltd. Can’s portfolio, making the stock its 23rd largest position.

A number of other hedge funds have also recently made changes to their positions in CNI. AQR Capital Management LLC purchased a new stake in shares of Canadian National Railway during the first quarter worth about $311,000. Focus Partners Wealth lifted its holdings in Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after purchasing an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in Canadian National Railway in the 2nd quarter worth approximately $202,000. EverSource Wealth Advisors LLC boosted its stake in Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after purchasing an additional 383 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in Canadian National Railway by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after purchasing an additional 474 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $117.75 on Wednesday. The company has a market cap of $71.44 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.25 and a beta of 0.96. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $122.48. The stock’s 50 day simple moving average is $113.86 and its two-hundred day simple moving average is $105.98. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49.

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

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 3.1%. Canadian National Railway’s dividend payout ratio (DPR) is 48.55%.

Analysts Set New Price Targets

CNI has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Weiss Ratings cut shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a report on Tuesday, June 9th. Citigroup boosted their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price objective for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock 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.