Canadian National Railway Company (NYSE:CNI) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. grew its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 48.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 618,479 shares of the transportation company's stock after acquiring an additional 203,030 shares during the period. Canadian National Railway comprises 2.1% of Intact Investment Management Inc.'s investment portfolio, making the stock its 9th biggest position. Intact Investment Management Inc. owned approximately 0.10% of Canadian National Railway worth $60,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Shell Asset Management Co. grew its stake in Canadian National Railway by 0.5% in the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock valued at $2,171,000 after buying an additional 100 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after purchasing an additional 106 shares during the period. Voya Investment Management LLC lifted its holdings in Canadian National Railway by 1.4% during the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock worth $807,000 after purchasing an additional 112 shares in the last quarter. Gradient Investments LLC boosted its stake in Canadian National Railway by 2.1% in the 1st quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company's stock worth $527,000 after purchasing an additional 112 shares during the period. Finally, Crestwood Advisors Group LLC grew its holdings in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNI shares. Stephens boosted their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Evercore ISI reduced their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Barclays lowered their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, Bank of America increased their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.52.

Canadian National Railway Trading Down 0.1%

CNI stock traded down $0.14 during mid-day trading on Tuesday, reaching $102.14. 1,073,032 shares of the stock traded hands, compared to its average volume of 1,322,451. The business has a 50-day moving average price of $102.52 and a two-hundred day moving average price of $101.52. The stock has a market capitalization of $64.13 billion, a PE ratio of 19.91, a PEG ratio of 1.91 and a beta of 0.98. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. Canadian National Railway Company has a one year low of $91.65 and a one year high of $123.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. Canadian National Railway's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $1.72 earnings per share. Equities research analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $0.8875 dividend. The ex-dividend date is Monday, June 9th. This represents a yield of 2.47%. This is a boost from Canadian National Railway's previous dividend of $0.29. Canadian National Railway's dividend payout ratio (DPR) is currently 50.49%.

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.