Cidel Asset Management Inc. Acquires 19,978 Shares of Canadian National Railway (NYSE:CNI)

Cidel Asset Management Inc. increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 388,919 shares of the transportation company’s stock after purchasing an additional 19,978 shares during the period. Canadian National Railway makes up about 2.7% of Cidel Asset Management Inc.’s holdings, making the stock its 6th biggest position. Cidel Asset Management Inc.’s holdings in Canadian National Railway were worth $39,473,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tobam increased its stake in Canadian National Railway by 297.0% in the fourth quarter. Tobam now owns 2,517 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 1,883 shares in the last quarter. Financial Advocates Investment Management grew its stake in shares of Canadian National Railway by 11.7% in the 4th quarter. Financial Advocates Investment Management now owns 4,263 shares of the transportation company’s stock valued at $433,000 after buying an additional 446 shares during the period. Choreo LLC increased its position in Canadian National Railway by 26.9% in the 4th quarter. Choreo LLC now owns 16,978 shares of the transportation company’s stock valued at $1,719,000 after buying an additional 3,596 shares in the last quarter. Ninety One SA PTY Ltd raised its stake in Canadian National Railway by 2.4% during the 4th quarter. Ninety One SA PTY Ltd now owns 53,243 shares of the transportation company’s stock worth $5,404,000 after buying an additional 1,255 shares during the period. Finally, Ninety One UK Ltd boosted its holdings in Canadian National Railway by 11.5% in the fourth quarter. Ninety One UK Ltd now owns 2,043,665 shares of the transportation company’s stock worth $207,422,000 after acquiring an additional 210,630 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $101.53 on Friday. The company has a market capitalization of $63.85 billion, a PE ratio of 19.83, a PEG ratio of 1.94 and a beta of 0.91. 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 stock’s 50 day moving average price is $103.76 and its 200-day moving average price is $110.40. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data 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 return on equity of 22.48% and a net margin of 26.09%. On average, equities analysts anticipate that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.43%. 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 46.68%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Bank of America decreased their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Susquehanna reduced their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.