Tiaa Fsb raised its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,469 shares of the transportation company’s stock after purchasing an additional 1,854 shares during the period. Tiaa Fsb’s holdings in Canadian National Railway were worth $4,516,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of CNI. Sontag Advisory LLC bought a new stake in Canadian National Railway during the fourth quarter valued at $26,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $30,000. Somerset Trust Co raised its holdings in Canadian National Railway by 158.6% in the 1st quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock worth $39,000 after acquiring an additional 268 shares during the last quarter. Bremer Trust National Association purchased a new stake in Canadian National Railway during the 4th quarter valued at $42,000. Finally, Truehand Inc purchased a new stake in shares of Canadian National Railway in the 4th quarter worth $44,000. 55.06% of the stock is owned by hedge funds and other institutional investors.
Canadian National Railway stock opened at $92.14 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.78 and a debt-to-equity ratio of 0.65. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $92.81. The firm has a market cap of $66.45 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, January 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.11 by $0.38. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.80 billion. Canadian National Railway had a return on equity of 23.28% and a net margin of 30.19%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 EPS. As a group, research analysts forecast that Canadian National Railway will post 4.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.4026 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.35. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, March 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.46%.
A number of brokerages recently commented on CNI. Stephens raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 3rd. Credit Suisse Group raised shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $95.00 in a report on Tuesday, January 15th. Barclays reiterated a “hold” rating and issued a $86.00 target price on shares of Canadian National Railway in a report on Thursday, January 17th. Macquarie downgraded shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 30th. Finally, National Bank Financial reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, March 28th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $93.30.
About Canadian National Railway
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
Recommended Story: Why is Cost of Capital Important?
Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway (NYSE:CNI) (TSE:CNR).
Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.