Scharf Investments LLC Invests $8.28 Million in Canadian National Railway Company $CNI

Key Points

• Scharf Investments LLC purchased a new position of 83,790 shares of Canadian National Railway (CNI) in Q4, valued at approximately $8.283 million.
• CN reported quarterly EPS of $1.49 (beat estimates by $0.06) while revenue came in at $3.24B versus a $4.43B consensus, and the company raised its quarterly dividend to $0.915 (annualized $3.66) for a 3.6% yield.
• Analysts have a consensus rating of Hold with a $115.70 target (10 Buys, 11 Holds), and institutional investors own about 80.74% of the stock.

Scharf Investments LLC purchased a new position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 83,790 shares of the transportation company's stock, valued at approximately $8,283,000.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Canadian National Railway during the first quarter valued at $311,000. Focus Partners Wealth lifted its holdings in Canadian National Railway by 11.1% during the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company's stock valued at $1,122,000 after buying an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in Canadian National Railway in the 2nd quarter valued at about $202,000. American Century Companies Inc. boosted its position in Canadian National Railway by 31.0% in the 2nd quarter. American Century Companies Inc. now owns 204,129 shares of the transportation company's stock valued at $21,270,000 after buying an additional 48,288 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in Canadian National Railway by 6.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,495 shares of the transportation company's stock worth $364,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CNI. Royal Bank Of Canada decreased their price target on shares of Canadian National Railway from $153.00 to $151.00 and set an "outperform" rating for the company in a research note on Monday, February 2nd. Citigroup reduced their price objective on Canadian National Railway from $119.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, February 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Barclays upped their target price on Canadian National Railway from $97.00 to $98.00 and gave the stock an "equal weight" rating in a report on Friday, March 27th. Finally, Vertical Research raised Canadian National Railway from a "hold" rating to a "buy" rating in a research report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $115.70.

Canadian National Railway Price Performance

NYSE CNI opened at $102.71 on Wednesday. The company has a market cap of $62.78 billion, a PE ratio of 18.92, a P/E/G ratio of 2.11 and a beta of 0.90. The firm's 50 day moving average price is $104.26 and its 200-day moving average price is $99.05. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $113.08.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.06. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. Canadian National Railway's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Sell-side analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were given a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.89. Canadian National Railway's dividend payout ratio is presently 49.36%.

Canadian National Railway Company 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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