APG Asset Management N.V. Grows Position in Canadian National Railway (NYSE:CNI)

APG Asset Management N.V. lifted its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 170.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 385,700 shares of the transportation company's stock after purchasing an additional 242,829 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Canadian National Railway worth $37,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNI. Norges Bank bought a new stake in shares of Canadian National Railway during the 4th quarter valued at $563,048,000. Canoe Financial LP bought a new stake in Canadian National Railway during the fourth quarter worth about $216,943,000. Arrowstreet Capital Limited Partnership grew its holdings in Canadian National Railway by 29.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after purchasing an additional 1,102,977 shares during the period. Geode Capital Management LLC increased its stake in shares of Canadian National Railway by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 3,306,192 shares of the transportation company's stock valued at $340,987,000 after purchasing an additional 743,712 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Canadian National Railway by 64.5% during the third 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 in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

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Canadian National Railway Stock Performance

NYSE:CNI traded up $0.91 during trading hours on Monday, reaching $100.67. The company had a trading volume of 325,289 shares, compared to its average volume of 1,478,539. The firm's 50 day moving average price is $99.36 and its 200-day moving average price is $104.82. The firm has a market cap of $63.26 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $130.63.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its 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, analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.45%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway's payout ratio is 47.66%.

Analysts Set New Price Targets

Several analysts recently weighed in on CNI shares. Susquehanna cut their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Royal Bank of Canada dropped their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.36.

Canadian National Railway Company 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.