UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $95.03 Million Holdings in Canadian National Railway Company $CNI

Key Points

• UBS Asset Management increased its stake in Canadian National Railway by 42.9% in Q1, owning 975,049 shares worth approximately $95 million.
• Canadian National Railway's recent earnings report showed an EPS of $1.35, falling short of analyst expectations, with a revenue of $3.14 billion for the quarter.
• The company will pay a quarterly dividend of $0.6507 per share on September 29, up from its previous dividend of $0.62, reflecting a yield of 2.8%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 42.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 975,049 shares of the transportation company's stock after purchasing an additional 292,704 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.16% of Canadian National Railway worth $95,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dagco Inc. bought a new stake in shares of Canadian National Railway in the first quarter worth $32,000. Bruce G. Allen Investments LLC increased its stake in shares of Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after buying an additional 106 shares during the last quarter. CX Institutional bought a new stake in shares of Canadian National Railway in the first quarter worth $39,000. Brooklyn Investment Group increased its stake in shares of Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock worth $42,000 after buying an additional 333 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after buying an additional 171 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

CNI stock traded down $0.38 during trading on Thursday, hitting $94.28. The company had a trading volume of 273,335 shares, compared to its average volume of 1,526,459. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average of $96.12 and a 200 day moving average of $99.41. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $119.61. The firm has a market capitalization of $58.53 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 2.20 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 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 business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the firm posted $1.84 earnings per share. Canadian National Railway's revenue was down 1.3% compared to the same quarter last year. As a group, research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be given a $0.6507 dividend. This represents a $2.60 annualized dividend and a yield of 2.8%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is presently 50.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CNI shares. Citigroup dropped their price target on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Royal Bank Of Canada dropped their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Barclays lowered their target price on shares of Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Evercore ISI lowered shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a research note on Wednesday, July 23rd. Finally, National Bank Financial lowered shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $118.36.

About Canadian National Railway

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.