Canadian National Railway Company $CNI Shares Bought by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets increased its stake in Canadian National Railway Company by 47.8%, acquiring 194,482 shares during the first quarter, resulting in a total ownership of 601,425 shares valued at approximately $58.6 million.
• The company recently declared a quarterly dividend of $0.6507 per share, which is an increase from the previous dividend of $0.62, translating to a 2.7% yield.
• Canadian National Railway's latest earnings report showed a miss in EPS expectations, reporting $1.35 per share against a consensus estimate of $1.37.

BNP Paribas Financial Markets grew its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 47.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 601,425 shares of the transportation company's stock after purchasing an additional 194,482 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of Canadian National Railway worth $58,615,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Polar Asset Management Partners Inc. raised its holdings in Canadian National Railway by 233.3% in the 4th quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock worth $2,537,000 after acquiring an additional 17,500 shares during the last quarter. Cypress Asset Management Inc. TX purchased a new position in Canadian National Railway in the 4th quarter worth approximately $875,000. GAMMA Investing LLC raised its holdings in Canadian National Railway by 31.3% in the 1st 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. Principal Financial Group Inc. raised its holdings in Canadian National Railway by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock worth $9,185,000 after acquiring an additional 3,400 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Canadian National Railway by 60.6% in the 1st quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock worth $948,000 after acquiring an additional 3,671 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CNI. Bank of America boosted their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Evercore ISI lowered shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their target price on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Finally, Barclays cut their price objective on shares of 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 issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway Trading Up 0.0%

Canadian National Railway stock traded up $0.04 during midday trading on Thursday, reaching $96.62. The stock had a trading volume of 2,182,191 shares, compared to its average volume of 1,508,068. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $121.12. The firm has a market cap of $60.32 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94. The company has a fifty day moving average of $98.16 and a 200 day moving average of $99.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business's revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.84 earnings per share. On average, analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a dividend of $0.6507 per share. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.7%. Canadian National Railway's dividend payout ratio is 50.19%.

Canadian National Railway Company 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.