4,576 Shares in Canadian National Railway (NYSE:CNI) Purchased by Allianz SE

Allianz SE purchased a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,576 shares of the transportation company’s stock, valued at approximately $465,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd boosted its stake in shares of Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after acquiring an additional 4,698 shares during the period. Unigestion Holding SA increased its holdings in shares of Canadian National Railway by 363.6% in the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after buying an additional 120,687 shares during the last quarter. Synovus Financial Corp raised its position in Canadian National Railway by 82.3% during the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock valued at $1,625,000 after purchasing an additional 6,261 shares during the period. Sustainable Insight Capital Management LLC bought a new stake in Canadian National Railway in the fourth quarter worth $436,000. Finally, Two Sigma Advisers LP increased its position in Canadian National Railway by 123.7% during the third quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company’s stock valued at $20,170,000 after acquiring an additional 95,200 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, January 10th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Susquehanna dropped their price target on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus increased their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Stock Performance

Shares of CNI opened at $97.39 on Monday. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.27. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a market cap of $61.20 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company’s 50 day simple moving average is $101.07 and its 200-day simple moving average is $106.51.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly 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, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business 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 is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is presently 47.66%.

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.