Sustainable Insight Capital Management LLC Increases Holdings in Canadian National Railway Company (NYSE:CNI)

Key Points

• Sustainable Insight Capital Management LLC increased its stake in Canadian National Railway by 75.7%, now owning a total of 7,553 shares valued at $735,000.
• Canadian National Railway recently declared an increase in its quarterly dividend from $0.62 to $0.6507, offering an annualized dividend of $2.60 and a yield of 2.8%.
• The company's stock has a current market cap of $58.40 billion, and reported quarterly earnings of $1.35 EPS, falling short of expectations.

Sustainable Insight Capital Management LLC grew its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 75.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,553 shares of the transportation company's stock after buying an additional 3,253 shares during the quarter. Sustainable Insight Capital Management LLC's holdings in Canadian National Railway were worth $735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Canadian National Railway by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock worth $557,278,000 after acquiring an additional 1,380,554 shares in the last quarter. Capital International Investors raised its position in Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after acquiring an additional 1,341,133 shares in the last quarter. Nuveen LLC bought a new stake in Canadian National Railway during the first quarter worth $112,216,000. Finally, BLI Banque de Luxembourg Investments bought a new position in shares of Canadian National Railway in the fourth quarter valued at about $70,283,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

CNI has been the topic of several research analyst reports. Argus raised shares of Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Stephens increased their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Barclays dropped their price objective on shares of Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Wells Fargo & Company lowered their price target on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway has an average rating of "Hold" and an average price target of $118.36.

Canadian National Railway Price Performance

Shares of CNI stock traded up $0.57 during trading hours on Friday, hitting $93.33. The stock had a trading volume of 1,103,725 shares, compared to its average volume of 2,040,034. Canadian National Railway Company has a one year low of $91.65 and a one year high of $121.12. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The stock's 50-day moving average price is $100.12 and its two-hundred day moving average price is $100.54. The stock has a market capitalization of $58.26 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.06 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the firm posted $1.84 earnings per share. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.6507 per share. The ex-dividend date of this dividend is Monday, September 8th. 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%. Canadian National Railway's payout ratio is presently 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.