Cardinal Capital Management Inc. Has $149.38 Million Stock Holdings in Canadian National Railway Company $CNI

Key Points

• Cardinal Capital Management increased its Canadian National Railway stake by 5.8% in the second quarter, bringing its holdings to 1.25 million shares valued at approximately $149.4 million. Institutional investors collectively own 80.74% of CNI.
• Canadian National Railway reported quarterly EPS of $1.50 and revenue of $3.35 billion, exceeding analyst estimates of $1.39 and $3.26 billion, respectively; revenue rose 11.3% year over year.
• The company declared a quarterly dividend of $0.915, equivalent to an annualized $3.66 and a 2.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $137.40.

Cardinal Capital Management Inc. raised its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 5.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,254,252 shares of the transportation company's stock after acquiring an additional 68,791 shares during the period. Canadian National Railway makes up 3.6% of Cardinal Capital Management Inc.'s holdings, making the stock its 11th largest position. Cardinal Capital Management Inc. owned 0.21% of Canadian National Railway worth $149,384,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CNI. Vanguard Group Inc. grew its stake in shares of Canadian National Railway by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 24,646,922 shares of the transportation company's stock worth $2,437,679,000 after purchasing an additional 346,670 shares during the period. FIL Ltd increased its holdings in Canadian National Railway by 49.5% in the fourth quarter. FIL Ltd now owns 15,745,744 shares of the transportation company's stock valued at $1,557,309,000 after purchasing an additional 5,210,403 shares during the last quarter. Caisse de depot et placement du Quebec lifted its stake in Canadian National Railway by 1.1% in the third quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company's stock valued at $1,310,600,000 after buying an additional 157,000 shares during the period. Lazard Asset Management LLC lifted its stake in Canadian National Railway by 2.0% in the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company's stock valued at $934,488,000 after buying an additional 173,894 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Canadian National Railway by 15.1% during the fourth quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company's stock worth $889,462,000 after buying an additional 1,182,106 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Stock Performance

CNI stock opened at $126.16 on Wednesday. The business's 50-day moving average price is $122.76 and its two-hundred day moving average price is $113.12. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99. The firm has a market cap of $76.45 billion, a PE ratio of 22.37, a P/E/G ratio of 2.33 and a beta of 0.95. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $131.55.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. As a group, research analysts forecast that Canadian National Railway Company will post 5.8 earnings per share for the current year.

Canadian National Railway Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be given a $0.915 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 annualized dividend and a dividend yield of 2.9%. Canadian National Railway's payout ratio is currently 47.34%.

Analyst Ratings Changes

CNI has been the subject of several analyst reports. Canadian Imperial Bank of Commerce boosted their target price on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an "outperformer" rating in a research report on Thursday, June 25th. Evercore upgraded shares of Canadian National Railway from an "in-line" rating to an "outperform" rating and set a $124.00 price target on the stock in a research report on Thursday, June 25th. Royal Bank Of Canada lifted their price objective on shares of Canadian National Railway from $195.00 to $205.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. National Bank Financial set a $124.00 price objective on shares of Canadian National Railway in a research note on Thursday, June 25th. Finally, Citigroup boosted their price objective on shares of Canadian National Railway from $124.00 to $141.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Canadian National Railway presently has a consensus rating of "Hold" and an average price target of $137.40.

More Canadian National Railway News

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

• Positive Sentiment: Zacks Research raised several forward earnings estimates. The firm lifted its Q2 2027 EPS forecast to $1.57 from $1.54, Q3 2027 to $1.60 from $1.55, Q1 2028 to $1.66 from $1.65, and Q2 2028 to $1.63 from $1.60. Its FY2028 forecast increased to $6.98 from $6.84, suggesting improved expectations for Canadian National Railway’s longer-term earnings growth. What is Zacks Research's Forecast for CNI Q3 Earnings?
• Neutral Sentiment: Near-term estimates were mixed. Zacks raised its Q2 2028 forecast but reduced its Q4 2026 EPS estimate to $1.55 from $1.57. The changes leave the current-year consensus at $5.80 per share, indicating limited immediate earnings impact but a somewhat stronger outlook beyond 2026.
• Negative Sentiment: Short interest rose sharply in July. Shares sold short reached 4.65 million as of July 31, up 54.2% from mid-July. Short interest still represents only about 0.8% of shares outstanding, with 2.6 days to cover, so the data signals increased bearish positioning but not an extreme short-squeeze setup.

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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