Natixis Advisors LLC Boosts Position in Canadian National Railway Company $CNI

Natixis Advisors LLC lifted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 262,048 shares of the transportation company’s stock after buying an additional 16,572 shares during the quarter. Natixis Advisors LLC’s holdings in Canadian National Railway were worth $25,903,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Canadian National Railway by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company’s stock worth $2,437,679,000 after acquiring an additional 346,670 shares during the period. Bank of Montreal Can raised its holdings in shares of Canadian National Railway by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 14,201,675 shares of the transportation company’s stock worth $1,338,948,000 after acquiring an additional 42,907 shares during the period. Caisse de depot et placement du Quebec raised its holdings in shares of Canadian National Railway by 1.1% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after acquiring an additional 157,000 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Canadian National Railway by 639,137.0% during the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after acquiring an additional 8,954,310 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Canadian National Railway by 0.4% during the 3rd quarter. Mackenzie Financial Corp now owns 8,626,147 shares of the transportation company’s stock worth $813,287,000 after acquiring an additional 35,938 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CNI shares. Citigroup lifted their price target on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Barclays boosted 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 report on Thursday, April 30th. Sanford C. Bernstein boosted their price objective on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a report on Tuesday, March 31st. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $122.04.

Canadian National Railway Stock Down 0.0%

Shares of CNI opened at $119.45 on Friday. The firm has a market cap of $72.59 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $122.48. The company’s 50-day moving average price is $111.20 and its 200 day moving average price is $104.52. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

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

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s payout ratio is currently 48.73%.

About Canadian National Railway

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.