Groupama Asset Managment Increases Stake in Canadian National Railway Company $CNI

Key Points

• Groupama Asset Management increased its stake in Canadian National Railway Company by 91.0%, acquiring an additional 9,976 shares for a total of 20,934 shares valued at approximately $2,040,000.
• The company recently reported earnings of $1.35 per share for the last quarter, which fell short of analysts' expectations by $0.02, and also experienced a 1.3% decline in year-over-year revenue.
• Canadian National Railway declared a quarterly dividend of $0.6507 per share, up from $0.62, with an annualized yield of 2.8%, reflecting a dividend payout ratio of 49.81%.

Groupama Asset Managment grew its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 91.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,934 shares of the transportation company's stock after acquiring an additional 9,976 shares during the period. Groupama Asset Managment's holdings in Canadian National Railway were worth $2,040,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Legacy Financial Advisors Inc. purchased a new stake in shares of Canadian National Railway in the 1st quarter valued at approximately $214,000. RWA Wealth Partners LLC raised its stake in shares of Canadian National Railway by 4.2% in the 1st quarter. RWA Wealth Partners LLC now owns 39,214 shares of the transportation company's stock valued at $3,822,000 after acquiring an additional 1,578 shares during the period. Aviso Financial Inc. raised its stake in shares of Canadian National Railway by 7.6% in the 1st quarter. Aviso Financial Inc. now owns 168,992 shares of the transportation company's stock valued at $16,452,000 after acquiring an additional 11,871 shares during the period. Northern Trust Corp raised its stake in shares of Canadian National Railway by 20.6% in the 1st quarter. Northern Trust Corp now owns 639,541 shares of the transportation company's stock valued at $62,330,000 after acquiring an additional 109,232 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Susquehanna dropped their price objective on shares of Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Argus upgraded shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada dropped their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Canadian National Railway currently has an average rating of "Hold" and an average price target of $118.36.

Canadian National Railway Stock Up 2.0%

NYSE CNI traded up $1.8350 on Friday, hitting $95.8650. 2,047,408 shares of the stock were exchanged, compared to its average volume of 1,688,668. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $121.12. The company has a market cap of $59.85 billion, a PE ratio of 18.44, a PEG ratio of 2.09 and a beta of 0.94. The company has a 50-day moving average price of $99.08 and a 200-day moving average price of $100.23.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data 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). The company 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 firm's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be given a $0.6507 dividend. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. This represents a $2.60 annualized dividend and a yield of 2.7%. Canadian National Railway's payout ratio is currently 50.19%.

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.