Nykredit A S Takes $20.09 Million Position in Canadian National Railway Company $CNI

Key Points

• Nykredit A/S acquired 168,412 shares of Canadian National Railway in the second quarter, valued at approximately $20.09 million. Institutional investors collectively own 80.74% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $137.40; recent targets range from $124 to $145.
• Canadian National Railway exceeded quarterly earnings and revenue expectations, reporting $1.50 EPS and $3.35 billion in revenue. The company also declared a quarterly dividend of $0.915 per share, implying a 3.1% annualized yield.

Nykredit A S purchased a new position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 168,412 shares of the transportation company's stock, valued at approximately $20,091,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in shares of Canadian National Railway by 2.0% during the 1st 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. Deutsche Bank AG grew its holdings in Canadian National Railway by 15.1% during the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company's stock valued at $889,462,000 after purchasing an additional 1,182,106 shares in the last quarter. Fiera Capital Corp grew its holdings in Canadian National Railway by 2.7% during the 4th quarter. Fiera Capital Corp now owns 6,648,582 shares of the transportation company's stock valued at $657,784,000 after purchasing an additional 176,872 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Canadian National Railway by 2.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,165,148 shares of the transportation company's stock worth $609,582,000 after buying an additional 173,410 shares during the period. Finally, Norges Bank purchased a new stake in Canadian National Railway during the 4th quarter worth $570,161,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNI has been the subject of a number of analyst reports. Evercore raised shares of Canadian National Railway from an "in-line" rating to an "outperform" rating and set a $124.00 price objective for the company in a research report on Thursday, June 25th. Stephens raised Canadian National Railway to a "hold" rating in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their price target on Canadian National Railway from $135.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. National Bank Financial set a $124.00 price target on Canadian National Railway in a report on Thursday, June 25th. Finally, Susquehanna restated a "neutral" rating and set a $140.00 price objective (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.40.

Canadian National Railway Price Performance

Shares of CNI stock opened at $119.03 on Friday. The firm has a fifty day moving average of $125.64 and a two-hundred day moving average of $116.99. The firm has a market cap of $71.90 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.12 and a beta of 0.94. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $131.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.87 EPS. As a group, research analysts anticipate that Canadian National Railway Company will post 5.82 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders 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 3.1%. Canadian National Railway's dividend payout ratio (DPR) is presently 46.10%.

About Canadian National Railway

Canadian National Railway Company NYSE: CNI is a transportation and logistics company that operates a major freight railway network across Canada and the United States. Its rail system connects the Atlantic, Pacific and Gulf coasts with major industrial centers, ports and distribution markets, supporting trade across North America.

CN transports a diverse range of products, including grain and fertilizers, coal and minerals, forest products, petroleum and chemicals, metals, automotive goods, and consumer and manufactured products.

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