Triasima Portfolio Management inc. Purchases New Shares in Canadian National Railway Company $CNI

Key Points

• Triasima Portfolio Management bought a new stake of 38,800 shares of Canadian National Railway in Q4 (≈$3.84M); institutional investors now own about 80.74% of CNI, with large additions from firms such as Lazard, Troy, Quadrature and Bank of America.
• CN's Q1 results matched consensus (EPS $1.31; revenue $3.15B, down ~0.5% YoY) and the company raised its quarterly dividend to $0.915 (annualized $3.66, ~3.3% yield; DPR ~48.7%).
• Analyst views are mixed—RBC raised its target to $178 with an "outperform" rating while others remain cautious—and CN warned a potential Union Pacific–Norfolk Southern combination could increase competitive risk in key corridors.

Triasima Portfolio Management inc. purchased a new stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 38,800 shares of the transportation company's stock, valued at approximately $3,842,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CNI. Lazard Asset Management LLC boosted its position in shares of Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company's stock valued at $844,353,000 after purchasing an additional 8,954,310 shares during the period. Troy Asset Management Ltd boosted its position in shares of Canadian National Railway by 158.8% in the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company's stock valued at $258,220,000 after purchasing an additional 1,680,223 shares during the period. Quadrature Capital Ltd boosted its position in shares of Canadian National Railway by 1,693.5% in the 3rd quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company's stock valued at $164,043,000 after purchasing an additional 1,642,700 shares during the period. Bank of America Corp DE boosted its position in shares of Canadian National Railway by 52.0% in the 3rd quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company's stock valued at $257,814,000 after purchasing an additional 935,425 shares during the period. Finally, Fiera Capital Corp boosted its position in shares of Canadian National Railway by 11.6% in the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company's stock valued at $610,076,000 after purchasing an additional 671,127 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Key Headlines Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Broker upgrades and higher targets from RBC and Citi increase upside expectations — RBC raised its target to $178 with an "outperform" rating, and Citigroup raised its target to $124 with a "buy" rating, signaling strong analyst conviction in CNI's medium-term earnings power. Article Title Article Title
• Positive Sentiment: Q1 results met earnings estimates, revenue grew year-over-year and the company raised its dividend — supports income and cash-flow narratives that investors favor for CNI. Article Title
• Neutral Sentiment: Board continuity: CN confirmed election of the director slate at its May 1 annual meeting, removing near-term governance uncertainty. Article Title
• Neutral Sentiment: Investor materials: The company's Q1 results presentation and earnings call deck are available for deeper detail on volumes, segment trends and guidance drivers. Useful for modeling near-term revenue and margin assumptions. Article Title
• Negative Sentiment: Competitive risk: CN said it is reviewing Union Pacific and Norfolk Southern’s amended merger re-application to the Surface Transportation Board and will remain engaged — a combined UP–NS could reshape competitive dynamics and pricing power in key corridors, representing a downside risk for CN. Article Title
• Negative Sentiment: Mixed analyst signals: Barclays raised its target slightly but kept an "equal weight" rating with a target still below the current price, highlighting that some analysts see limited near-term upside or higher risk relative to peers. Article Title Article Title

Canadian National Railway Stock Down 0.0%

Shares of Canadian National Railway stock opened at $111.94 on Monday. The stock has a 50-day moving average price of $107.47 and a 200 day moving average price of $101.40. The company has a market cap of $68.15 billion, a P/E ratio of 20.35, a P/E/G ratio of 2.15 and a beta of 0.95. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $115.80.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 EPS. As a group, analysts expect that Canadian National Railway Company will post 5.74 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.3%. Canadian National Railway's dividend payout ratio (DPR) is 48.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CNI shares. Barclays increased their price target on Canadian National Railway from $98.00 to $99.00 and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank Of Canada increased their price objective on Canadian National Railway from $160.00 to $178.00 and gave the stock an "outperform" rating in a research note on Thursday. UBS Group downgraded Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Canadian National Railway in a research note on Monday, April 20th. Finally, Evercore reduced their price objective on Canadian National Railway from $105.00 to $103.00 and set an "in-line" rating for the company in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $122.04.

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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