Canadian National Railway (NYSE:CNI) Holdings Raised by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board increased its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 71.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,203 shares of the transportation company's stock after buying an additional 13,817 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Canadian National Railway were worth $3,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Canadian National Railway during the fourth quarter worth approximately $563,048,000. Canoe Financial LP acquired a new stake in Canadian National Railway during the 4th quarter worth approximately $216,943,000. Arrowstreet Capital Limited Partnership raised its holdings in Canadian National Railway by 29.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock valued at $488,488,000 after buying an additional 1,102,977 shares during the period. Geode Capital Management LLC lifted its position in Canadian National Railway by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 3,306,192 shares of the transportation company's stock valued at $340,987,000 after buying an additional 743,712 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after purchasing an additional 571,967 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded up $0.67 during trading hours on Friday, reaching $99.21. The company's stock had a trading volume of 1,159,602 shares, compared to its average volume of 1,286,147. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63. The company's 50 day simple moving average is $98.99 and its 200 day simple moving average is $104.29. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a market cap of $62.35 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.48%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is currently 47.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CNI shares. Barclays dropped their target price on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada lowered their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Citigroup cut their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their target price on 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. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.36.

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.