Canadian National Railway Company $CNI Shares Bought by Findlay Park Partners LLP

Key Points

• Findlay Park Partners LLP increased its stake in Canadian National Railway Company (NYSE:CNI) by 1.4%, owning 1,830,068 shares worth approximately $178 million.
• The company declared a quarterly dividend of $0.6507 per share, up from its previous dividend, representing an annualized yield of 2.7%.
• Analysts currently maintain a consensus rating of "Hold" on Canadian National Railway, with a target price averaging $118.36.

Findlay Park Partners LLP increased its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,830,068 shares of the transportation company's stock after purchasing an additional 24,500 shares during the quarter. Canadian National Railway makes up 1.8% of Findlay Park Partners LLP's portfolio, making the stock its 24th biggest holding. Findlay Park Partners LLP owned approximately 0.29% of Canadian National Railway worth $178,358,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dagco Inc. purchased a new stake in shares of Canadian National Railway during the first quarter worth about $32,000. Bruce G. Allen Investments LLC boosted its stake in Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after buying an additional 106 shares during the last quarter. CX Institutional bought a new position in Canadian National Railway during the first quarter valued at approximately $39,000. Brooklyn Investment Group boosted its stake in Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after buying an additional 333 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in Canadian National Railway by 1,020.0% during the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after buying an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on CNI. Citigroup dropped their price target on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Bank of America increased their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. National Bank Financial lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Susquehanna lowered their price objective on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway Trading Up 0.8%

Shares of CNI stock traded up $0.75 on Friday, reaching $96.85. 974,845 shares of the company's stock were exchanged, compared to its average volume of 1,690,416. Canadian National Railway Company has a 52 week low of $91.65 and a 52 week high of $121.12. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $60.46 billion, a PE ratio of 18.62, a P/E/G ratio of 2.15 and a beta of 0.94. The company's fifty day simple moving average is $98.47 and its 200 day simple moving average is $99.99.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). The firm 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 company's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 earnings per share. As a group, analysts forecast 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 quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be issued a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is 49.81%.

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.