Ninety One UK Ltd Has $207.42 Million Stock Position in Canadian National Railway (NYSE:CNI)

Ninety One UK Ltd boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.5% during the 4th quarter, Holdings Channel reports. The fund owned 2,043,665 shares of the transportation company’s stock after buying an additional 210,630 shares during the period. Ninety One UK Ltd’s holdings in Canadian National Railway were worth $207,422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CNI. Fortitude Family Office LLC raised its stake in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. Coastline Trust Co purchased a new stake in Canadian National Railway in the 3rd quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Canadian National Railway in the 3rd quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Canadian National Railway in the third quarter valued at about $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI stock opened at $101.79 on Wednesday. The company has a fifty day simple moving average of $104.22 and a two-hundred day simple moving average of $110.63. Canadian National Railway has a 52 week low of $98.69 and a 52 week high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $64.01 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.42%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is 46.68%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America dropped their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reduced 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 research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $124.19.

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.