Cardinal Capital Management Inc. Acquires 202,692 Shares of Canadian National Railway (NYSE:CNI)

Cardinal Capital Management Inc. increased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 42.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 678,211 shares of the transportation company’s stock after purchasing an additional 202,692 shares during the period. Canadian National Railway makes up approximately 2.3% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Cardinal Capital Management Inc.’s holdings in Canadian National Railway were worth $68,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in shares of Canadian National Railway by 8.5% during the 4th quarter. Inspire Investing LLC now owns 25,470 shares of the transportation company’s stock worth $2,586,000 after buying an additional 1,986 shares during the period. Wesbanco Bank Inc. acquired a new position in Canadian National Railway during the fourth quarter valued at approximately $227,000. Rothschild & Co Wealth Management UK Ltd bought a new stake in Canadian National Railway in the fourth quarter valued at approximately $5,662,000. Janney Montgomery Scott LLC raised its holdings in Canadian National Railway by 7.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 138,810 shares of the transportation company’s stock worth $14,091,000 after purchasing an additional 10,039 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Canadian National Railway during the fourth quarter worth $615,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.7 %

Shares of CNI stock opened at $104.43 on Thursday. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $65.67 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The firm has a 50 day moving average price of $104.94 and a two-hundred day moving average price of $111.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 earnings per share. As a group, analysts predict that Canadian National Railway will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on CNI shares. Sanford C. Bernstein dropped their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 target price on shares of Canadian National Railway in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.02.

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.