Partners Group Holding AG Purchases 77,476 Shares of Canadian National Railway Company $CNI

Key Points

• Partners Group Holding AG increased its stake in Canadian National Railway by 19.3%, owning approximately 479,117 shares valued at $47.20 million, making it the firm's 15th largest position.
• Canadian National Railway reported a miss in quarterly earnings with earnings per share of $1.35, falling short of the $1.37 consensus estimate, while its revenue declined by 1.3% year-over-year.
• The company is set to pay a quarterly dividend of $0.6507 per share, reflecting a positive increase from a previous dividend of $0.62, translating to an annualized yield of 2.8%.

Partners Group Holding AG grew its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 19.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 479,117 shares of the transportation company's stock after purchasing an additional 77,476 shares during the period. Canadian National Railway comprises approximately 2.0% of Partners Group Holding AG's portfolio, making the stock its 15th biggest position. Partners Group Holding AG owned about 0.08% of Canadian National Railway worth $47,203,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dagco Inc. bought a new stake in Canadian National Railway during the first quarter worth $32,000. Bruce G. Allen Investments LLC lifted its holdings 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 worth $34,000 after acquiring an additional 106 shares during the period. CX Institutional bought a new stake in Canadian National Railway during the first quarter worth $39,000. Dunhill Financial LLC lifted its stake in Canadian National Railway by 1,020.0% in the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after purchasing an additional 510 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

CNI has been the topic of several recent research reports. Citigroup dropped their target price on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Stephens increased their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. restated a "neutral" rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Argus upgraded Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Finally, Royal Bank Of Canada lowered their price objective on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a research report 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway Price Performance

CNI traded up $1.0730 during trading on Tuesday, reaching $94.2830. The stock had a trading volume of 2,097,994 shares, compared to its average volume of 1,939,843. The stock has a market cap of $58.86 billion, a PE ratio of 18.13, a PEG ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a one year low of $91.65 and a one year high of $121.12. The business has a 50-day moving average of $99.89 and a 200-day moving average of $100.39.

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 company had revenue of $3.14 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 EPS. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be given a dividend of $0.6507 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway's payout ratio is 49.81%.

Canadian National Railway 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.