Value Partners Investments Inc. Has $57.61 Million Stake in Canadian National Railway Company $CNI

Value Partners Investments Inc. boosted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.1% in the second quarter, Holdings Channel reports. The firm owned 553,945 shares of the transportation company’s stock after acquiring an additional 655 shares during the period. Canadian National Railway comprises about 4.5% of Value Partners Investments Inc.’s holdings, making the stock its 8th biggest position. Value Partners Investments Inc.’s holdings in Canadian National Railway were worth $57,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CNI. Dagco Inc. bought a new stake in Canadian National Railway during the first quarter worth approximately $32,000. Bruce G. Allen Investments LLC grew its stake in shares of Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock worth $34,000 after acquiring an additional 106 shares during the last quarter. CX Institutional acquired a new stake in shares of Canadian National Railway in the first quarter worth $39,000. Brooklyn Investment Group grew its stake in shares of Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after acquiring an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 0.5%

Shares of CNI stock opened at $93.50 on Friday. The stock has a market cap of $58.04 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.16 and a beta of 0.94. The stock has a fifty day moving average price of $96.67 and a 200 day moving average price of $99.51. Canadian National Railway Company has a one year low of $91.07 and a one year high of $121.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be paid a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio is presently 50.19%.

Wall Street Analysts Forecast Growth

CNI has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Argus raised Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. Finally, Barclays reduced their target price on Canadian National Railway from $106.00 to $99.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and an average target price of $118.36.

Canadian National Railway Profile

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.