Canadian National Railway (NYSE:CNI) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP boosted its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 396.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 256,744 shares of the transportation company's stock after buying an additional 205,024 shares during the period. Bridgewater Associates LP's holdings in Canadian National Railway were worth $26,058,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Advisory Resource Group grew its holdings in shares of Canadian National Railway by 13.4% in the third quarter. Advisory Resource Group now owns 8,391 shares of the transportation company's stock worth $983,000 after purchasing an additional 989 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of Canadian National Railway by 5.0% during the third quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company's stock worth $4,712,000 after acquiring an additional 1,903 shares during the period. Wilmington Savings Fund Society FSB raised its stake in shares of Canadian National Railway by 115.2% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company's stock valued at $513,000 after acquiring an additional 2,346 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of Canadian National Railway by 82.3% in the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock valued at $1,625,000 after purchasing an additional 6,261 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after purchasing an additional 21,100 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Citigroup lowered their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price objective on shares of Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Finally, Jefferies Financial Group dropped their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. 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 given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $120.36.

Canadian National Railway Stock Performance

CNI stock traded down $1.13 during midday trading on Monday, reaching $98.04. The stock had a trading volume of 102,733 shares, compared to its average volume of 1,281,483. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a fifty day simple moving average of $98.99 and a two-hundred day simple moving average of $104.22. The stock has a market cap of $61.62 billion, a PE ratio of 19.15, a P/E/G ratio of 1.95 and a beta of 0.93. 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 issued its quarterly earnings results 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%. As a group, equities research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $0.6159 dividend. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.51%. Canadian National Railway's dividend payout ratio is presently 47.66%.

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.