JARISLOWSKY FRASER Ltd Has $926.57 Million Stake in Canadian National Railway (NYSE:CNI)

JARISLOWSKY FRASER Ltd grew its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,159,075 shares of the transportation company's stock after purchasing an additional 422,078 shares during the period. Canadian National Railway comprises about 5.4% of JARISLOWSKY FRASER Ltd's portfolio, making the stock its 2nd largest position. JARISLOWSKY FRASER Ltd owned approximately 1.46% of Canadian National Railway worth $926,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the fourth quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after purchasing an additional 108 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 0.9 %

Shares of CNI stock opened at $100.40 on Friday. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $129.18. The stock has a market cap of $63.10 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.95 and a beta of 0.97. The firm's 50-day moving average is $98.07 and its 200-day moving average is $102.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the company earned $1.72 earnings per share. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CNI shares. Raymond James downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group lowered their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Finally, Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average target price of $119.27.

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.

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