Rempart Asset Management Inc. Has $20.76 Million Position in Canadian National Railway Company $CNI

Rempart Asset Management Inc. increased its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,306 shares of the transportation company’s stock after purchasing an additional 8,215 shares during the quarter. Canadian National Railway makes up about 4.0% of Rempart Asset Management Inc.’s portfolio, making the stock its 14th largest holding. Rempart Asset Management Inc.’s holdings in Canadian National Railway were worth $20,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Canadian National Railway by 42.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,325 shares of the transportation company’s stock worth $2,165,000 after buying an additional 6,324 shares in the last quarter. Versant Capital Management Inc grew its position in Canadian National Railway by 2,044.7% during the 1st quarter. Versant Capital Management Inc now owns 2,016 shares of the transportation company’s stock worth $196,000 after acquiring an additional 1,922 shares during the last quarter. GAMMA Investing LLC increased its holdings in Canadian National Railway by 12,692.7% in the 1st quarter. GAMMA Investing LLC now owns 69,976 shares of the transportation company’s stock worth $6,820,000 after purchasing an additional 69,429 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Canadian National Railway by 46.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 17,615 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 5,585 shares during the last quarter. Finally, QV Investors Inc. boosted its stake in shares of Canadian National Railway by 15.0% during the first quarter. QV Investors Inc. now owns 505,605 shares of the transportation company’s stock valued at $49,196,000 after purchasing an additional 65,944 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

CNI stock opened at $92.84 on Monday. The firm has a market cap of $57.64 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.14 and a beta of 0.94. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average price of $94.64 and a 200-day moving average price of $99.14. Canadian National Railway Company has a 1-year low of $91.07 and a 1-year high of $118.14.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the business earned $1.84 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities research analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be paid a dividend of $0.6507 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway’s payout ratio is currently 50.19%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNI. Barclays lowered their price objective on Canadian National Railway from $106.00 to $99.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 17th. Royal Bank Of Canada cut their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Finally, Argus raised Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $117.94.

Canadian National Railway 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.