Union Bancaire Privee UBP SA Acquires New Shares in Canadian National Railway (NYSE:CNI)

Union Bancaire Privee UBP SA bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 10,903 shares of the transportation company’s stock, valued at approximately $1,050,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 worth $34,000 after buying an additional 108 shares during the period. Catalytic Wealth RIA LLC raised its stake in Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock worth $654,000 after buying an additional 123 shares during the period. Assetmark Inc. raised its stake in Canadian National Railway by 3.1% during the 3rd quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock worth $583,000 after buying an additional 152 shares during the period. Banque Cantonale Vaudoise raised its stake in shares of Canadian National Railway by 5.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock worth $363,000 after purchasing an additional 152 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Canadian National Railway by 5.3% in the third quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company’s stock worth $369,000 after purchasing an additional 158 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.1 %

CNI opened at $103.98 on Monday. The company has a market cap of $65.33 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.95 and a beta of 0.91. The business’s 50-day moving average price is $102.64 and its 200-day moving average price is $109.40. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02.

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

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.37%. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.68%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price objective for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. Susquehanna cut their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada cut their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Finally, TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

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.