V Square Quantitative Management LLC Acquires Shares of 4,809 Canadian National Railway Company $CNI

V Square Quantitative Management LLC acquired a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,809 shares of the transportation company’s stock, valued at approximately $475,000.

Several other institutional investors have also added to or reduced their stakes in CNI. Lazard Asset Management LLC raised its position in Canadian National Railway by 639,137.0% during the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after purchasing an additional 8,954,310 shares in the last quarter. Troy Asset Management Ltd raised its position in Canadian National Railway by 158.8% during the third quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after purchasing an additional 1,680,223 shares in the last quarter. Quadrature Capital Ltd raised its position in Canadian National Railway by 1,693.5% during the third quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after purchasing an additional 1,642,700 shares in the last quarter. Bank of America Corp DE raised its position in Canadian National Railway by 52.0% during the third quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock valued at $257,814,000 after purchasing an additional 935,425 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Canadian National Railway by 27.1% during the second quarter. Canada Pension Plan Investment Board now owns 3,634,439 shares of the transportation company’s stock valued at $378,940,000 after purchasing an additional 775,700 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNI has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Stephens lowered their price target on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Sanford C. Bernstein upped their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Finally, Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.76.

Canadian National Railway Stock Down 0.0%

Shares of NYSE:CNI opened at $110.09 on Friday. The company has a fifty day moving average of $105.36 and a 200-day moving average of $99.66. The company has a market capitalization of $67.29 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $113.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 earnings per share. On average, equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 3.3%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date was Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is currently 49.36%.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.