Canadian National Railway (NYSE:CNI) Shares Bought by Fiera Capital Corp

Fiera Capital Corp raised its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 5,624,594 shares of the transportation company’s stock after buying an additional 142,070 shares during the quarter. Canadian National Railway makes up about 1.8% of Fiera Capital Corp’s holdings, making the stock its 14th largest holding. Fiera Capital Corp’s holdings in Canadian National Railway were worth $570,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Louisbourg Investments Inc. grew its stake in Canadian National Railway by 17.3% in the 4th quarter. Louisbourg Investments Inc. now owns 287,069 shares of the transportation company’s stock valued at $29,136,000 after acquiring an additional 42,239 shares during the period. Lester Murray Antman dba SimplyRich lifted its holdings in Canadian National Railway by 4.9% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 18,447 shares of the transportation company’s stock valued at $1,872,000 after purchasing an additional 866 shares in the last quarter. Arlington Trust Co LLC purchased a new position in Canadian National Railway during the fourth quarter valued at $30,000. Harbour Trust & Investment Management Co grew its position in shares of Canadian National Railway by 0.4% in the fourth quarter. Harbour Trust & Investment Management Co now owns 97,233 shares of the transportation company’s stock valued at $9,870,000 after purchasing an additional 415 shares during the period. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Canadian National Railway by 15.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 6,959 shares of the transportation company’s stock worth $706,000 after purchasing an additional 935 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $102.65 on Thursday. The firm has a 50 day simple moving average of $103.26 and a 200-day simple moving average of $109.98. The stock has a market cap of $64.55 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, analysts expect that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.68%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Susquehanna decreased their target price on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Finally, Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.