Beutel Goodman & Co Ltd. lowered its position in shares of Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,850,164 shares of the transportation company’s stock after selling 254,972 shares during the quarter. Canadian National Railway comprises 1.7% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 25th largest position. Beutel Goodman & Co Ltd.’s holdings in Canadian National Railway were worth $220,755,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of Canadian National Railway by 2.0% in the 1st quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock worth $934,488,000 after buying an additional 173,894 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Canadian National Railway by 5.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,546,356 shares of the transportation company’s stock valued at $532,519,000 after buying an additional 248,401 shares during the last quarter. Swiss National Bank grew its holdings in shares of Canadian National Railway by 26.3% during the first quarter. Swiss National Bank now owns 1,761,000 shares of the transportation company’s stock valued at $180,986,000 after purchasing an additional 367,100 shares during the last quarter. Cardinal Capital Management Inc. lifted its holdings in shares of Canadian National Railway by 5.8% in the 2nd quarter. Cardinal Capital Management Inc. now owns 1,254,252 shares of the transportation company’s stock worth $149,384,000 after purchasing an additional 68,791 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Canadian National Railway by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,382,499 shares of the transportation company’s stock worth $142,066,000 after buying an additional 101,861 shares during the period. Institutional investors own 80.74% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CNI shares. Royal Bank Of Canada raised their target price on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Citizens Jmp initiated coverage on shares of Canadian National Railway in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Wells Fargo & Company increased their price objective on shares of Canadian National Railway from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Bank of America reduced their target price on shares of Canadian National Railway from $146.00 to $143.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, Barclays upped their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $138.76.
Get Our Latest Stock Report on Canadian National Railway
Canadian National Railway Trading Up 2.4%
Shares of CNI stock opened at $127.05 on Tuesday. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $131.55. The firm has a market capitalization of $76.55 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.90. The stock has a fifty day moving average of $121.60 and a two-hundred day moving average of $116.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.61 and a current ratio of 0.82.
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its quarterly earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.05. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Canadian National Railway had a return on equity of 22.82% and a net margin of 26.42%. The company’s revenue for the quarter was down 99.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 earnings per share. As a group, research analysts expect that Canadian National Railway Company will post 5.85 EPS for the current year.
Canadian National Railway Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 9th will be issued a C$0.92 dividend. The ex-dividend date of this dividend is Wednesday, December 9th. This represents a $3.66 annualized dividend and a yield of 2.9%. Canadian National Railway’s dividend payout ratio is presently 45.30%.
Canadian National Railway Company Profile
Canadian National Railway, commonly known as CN, is a North American transportation and logistics company that operates a freight rail network connecting Canada’s Atlantic, Pacific and Gulf coasts with the United States. Its network serves customers across Canada and the U.S. Midwest and South.
CN transports a range of commodities and manufactured goods, including intermodal shipments, grain and fertilizers, petroleum and chemicals, forest products, metals and minerals, and finished vehicles.
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