Mawer Investment Management Ltd. trimmed its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,116,642 shares of the transportation company’s stock after selling 30,023 shares during the quarter. Canadian National Railway comprises about 1.3% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 28th biggest position. Mawer Investment Management Ltd.’s holdings in Canadian National Railway were worth $189,532,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Two Sigma Advisers LP increased its holdings in shares of Canadian National Railway by 46.8% in the fourth quarter. Two Sigma Advisers LP now owns 78,172 shares of the transportation company’s stock worth $5,795,000 after purchasing an additional 24,911 shares during the last quarter. One Wealth Advisors LLC grew its position in Canadian National Railway by 4.6% in the fourth quarter. One Wealth Advisors LLC now owns 3,424 shares of the transportation company’s stock worth $254,000 after acquiring an additional 151 shares in the last quarter. Cetera Advisor Networks LLC grew its position in Canadian National Railway by 15.0% in the first quarter. Cetera Advisor Networks LLC now owns 6,369 shares of the transportation company’s stock worth $571,000 after acquiring an additional 830 shares in the last quarter. Triangle Securities Wealth Management purchased a new position in Canadian National Railway in the first quarter worth about $729,000. Finally, Blueshift Asset Management LLC purchased a new position in Canadian National Railway in the fourth quarter worth about $1,329,000. 54.23% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. BMO Capital Markets upgraded Canadian National Railway to a “market perform” rating and set a $125.00 price target for the company in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Royal Bank of Canada lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 price target for the company. in a research report on Tuesday, April 30th. ValuEngine upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Stephens lifted their price target on Canadian National Railway from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus lifted their price target on Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $98.12.
Shares of NYSE:CNI traded up $0.17 during trading hours on Monday, hitting $91.49. 567,166 shares of the company’s stock traded hands, compared to its average volume of 749,983. Canadian National Railway has a 1 year low of $70.36 and a 1 year high of $95.08. The firm has a market capitalization of $66.15 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.75 and a quick ratio of 0.59.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Monday, April 29th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.28. Canadian National Railway had a return on equity of 23.64% and a net margin of 29.86%. The business had revenue of $3.54 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts expect that Canadian National Railway will post 4.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.3982 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.59 annualized dividend and a dividend yield of 1.74%. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.46%.
Canadian National Railway Company Profile
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.
Further Reading: Penny Stocks, Risk and Reward Factors
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.