Ninety One SA PTY Ltd Has $5.40 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Ninety One SA PTY Ltd lifted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,243 shares of the transportation company’s stock after buying an additional 1,255 shares during the quarter. Canadian National Railway comprises approximately 1.2% of Ninety One SA PTY Ltd’s holdings, making the stock its 24th largest position. Ninety One SA PTY Ltd’s holdings in Canadian National Railway were worth $5,404,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI increased its position in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after buying an additional 2,137,948 shares during the period. Canoe Financial LP acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $216,943,000. Point72 Asset Management L.P. bought a new position in Canadian National Railway during the third quarter worth $159,907,000. Wellington Management Group LLP increased its position in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the period. Finally, Toronto Dominion Bank raised its stake in Canadian National Railway by 64.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after purchasing an additional 584,832 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

NYSE:CNI opened at $101.79 on Wednesday. The firm has a market cap of $64.01 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The company’s 50-day moving average price is $104.22 and its two-hundred day moving average price is $110.63. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s payout ratio is currently 46.68%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Stephens reiterated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Finally, Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $126.00 to $130.00 in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

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.