Janus Henderson Group PLC Buys 1,606 Shares of Canadian National Railway (NYSE:CNI)

Janus Henderson Group PLC grew its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,561 shares of the transportation company’s stock after buying an additional 1,606 shares during the quarter. Janus Henderson Group PLC’s holdings in Canadian National Railway were worth $10,874,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CNI. Wells Fargo & Company MN lifted its holdings in shares of Canadian National Railway by 61.1% during the 4th quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock valued at $20,375,000 after purchasing an additional 61,498 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in Canadian National Railway by 1.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock worth $201,351,000 after purchasing an additional 17,083 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in Canadian National Railway in the 1st quarter worth approximately $627,000. YCG LLC raised its position in shares of Canadian National Railway by 6.0% during the 4th quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock valued at $31,418,000 after buying an additional 14,249 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Canadian National Railway in the 4th quarter valued at approximately $816,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNI. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. Stephens dropped their price target on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price target on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Susquehanna dropped their price target on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Sixteen investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $138.35.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $113.24 on Friday. The stock has a market cap of $71.28 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89. The company has a fifty day simple moving average of $120.28 and a 200-day simple moving average of $125.20. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period last year, the firm earned $1.31 earnings per share. Canadian National Railway’s revenue was up 6.7% on a year-over-year basis. Equities analysts expect that Canadian National Railway will post 5.64 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a $0.614 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.17%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.23%.

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.