Canadian National Railway Company $CNI Shares Bought by Intact Investment Management Inc.

Key Points

• Intact Investment Management boosted its stake in Canadian National Railway by 29.7% in Q4 to 565,920 shares (about $55.97M), making CNI its 16th largest holding at roughly 1.6% of the portfolio.
• CN's Q1 results met EPS and revenue estimates, revenue grew year-over-year, and the company raised its quarterly dividend to $0.915 (annualized $3.66), implying a ~3.3% yield.
• Analyst views are mixed—RBC, Citi and others have raised targets and ratings while several firms remain at "hold" (MarketBeat consensus: "Hold" with an average $122 target)—and CN flagged competitive downside risk from a possible Union Pacific–Norfolk Southern merger.

Intact Investment Management Inc. boosted its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 565,920 shares of the transportation company's stock after buying an additional 129,450 shares during the quarter. Canadian National Railway accounts for approximately 1.6% of Intact Investment Management Inc.'s portfolio, making the stock its 16th largest holding. Intact Investment Management Inc. owned 0.09% of Canadian National Railway worth $55,969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. High Point Wealth Management LLC acquired a new position in Canadian National Railway during the fourth quarter worth about $27,000. Hollencrest Capital Management acquired a new position in Canadian National Railway during the third quarter worth about $28,000. First Horizon Corp acquired a new position in Canadian National Railway during the third quarter worth about $30,000. Costello Asset Management INC grew its position in Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company's stock worth $31,000 after buying an additional 150 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Canadian National Railway during the third quarter worth about $50,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Key Canadian National Railway News

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Broker upgrades and higher targets from RBC and Citi increase upside expectations — RBC raised its target to $178 with an "outperform" rating, and Citigroup raised its target to $124 with a "buy" rating, signaling strong analyst conviction in CNI's medium-term earnings power. Article Title Article Title
• Positive Sentiment: Q1 results met earnings estimates, revenue grew year-over-year and the company raised its dividend — supports income and cash-flow narratives that investors favor for CNI. Article Title
• Neutral Sentiment: Board continuity: CN confirmed election of the director slate at its May 1 annual meeting, removing near-term governance uncertainty. Article Title
• Neutral Sentiment: Investor materials: The company's Q1 results presentation and earnings call deck are available for deeper detail on volumes, segment trends and guidance drivers. Useful for modeling near-term revenue and margin assumptions. Article Title
• Negative Sentiment: Competitive risk: CN said it is reviewing Union Pacific and Norfolk Southern’s amended merger re-application to the Surface Transportation Board and will remain engaged — a combined UP–NS could reshape competitive dynamics and pricing power in key corridors, representing a downside risk for CN. Article Title
• Negative Sentiment: Mixed analyst signals: Barclays raised its target slightly but kept an "equal weight" rating with a target still below the current price, highlighting that some analysts see limited near-term upside or higher risk relative to peers. Article Title Article Title

Analyst Upgrades and Downgrades

CNI has been the topic of several recent analyst reports. Stephens lowered their target price on shares of Canadian National Railway from $105.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, February 2nd. Citigroup upped their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays increased their price target 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. Bank of America upgraded shares of Canadian National Railway from a "neutral" rating to a "buy" rating and increased their price target for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein increased their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a "market perform" rating in a research report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $122.04.

Canadian National Railway Stock Down 0.0%

CNI stock opened at $111.94 on Monday. The company's 50 day simple moving average is $107.47 and its 200-day simple moving average is $101.40. The firm has a market capitalization of $68.15 billion, a PE ratio of 20.35, a P/E/G ratio of 2.15 and a beta of 0.95. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $115.80. 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 - Get Free Report) TSE: CNR last released 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. The business 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%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 earnings per share. Equities analysts expect that Canadian National Railway Company will post 5.74 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 3.3%. Canadian National Railway's dividend payout ratio (DPR) is 48.73%.

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.

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