Canadian National Railway Company (NYSE:CNI) Shares Acquired by Lincluden Management Ltd.

Lincluden Management Ltd. boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 12.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,222 shares of the transportation company's stock after purchasing an additional 45,635 shares during the period. Canadian National Railway accounts for approximately 5.0% of Lincluden Management Ltd.'s holdings, making the stock its 5th largest holding. Lincluden Management Ltd. owned approximately 0.06% of Canadian National Railway worth $39,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Canadian National Railway by 7.5% in the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after buying an additional 1,934,622 shares during the period. Vanguard Group Inc. grew its stake in shares of Canadian National Railway by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after purchasing an additional 101,228 shares during the period. Capital International Investors grew its stake in shares of Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after purchasing an additional 1,341,133 shares during the period. JARISLOWSKY FRASER Ltd grew its stake in shares of Canadian National Railway by 4.8% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock worth $926,573,000 after purchasing an additional 422,078 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Canadian National Railway by 5.9% during the fourth quarter. Deutsche Bank AG now owns 5,701,425 shares of the transportation company's stock worth $578,752,000 after acquiring an additional 316,422 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Stifel Nicolaus cut their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stephens upped their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Royal Bank Of Canada dropped their target price on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a report on Wednesday. Bank of America upped their target price on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Susquehanna dropped their price objective on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has a consensus rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway Price Performance

Shares of CNI stock traded up $0.45 during trading on Friday, hitting $95.87. The company had a trading volume of 2,287,331 shares, compared to its average volume of 1,606,836. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.43 and a current ratio of 0.82. The firm has a market capitalization of $60.06 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. The stock's 50-day moving average price is $103.72 and its 200 day moving average price is $101.49. Canadian National Railway Company has a one year low of $91.65 and a one year high of $121.12.

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

Canadian National Railway Increases Dividend

The company also recently declared 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio is presently 50.49%.

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.