Free Trial

Louisbourg Investments Inc. Boosts Stock Holdings in Canadian National Railway (NYSE:CNI)

Canadian National Railway logo with Transportation background

Louisbourg Investments Inc. lifted its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 287,069 shares of the transportation company's stock after buying an additional 42,239 shares during the period. Canadian National Railway comprises 7.0% of Louisbourg Investments Inc.'s portfolio, making the stock its biggest holding. Louisbourg Investments Inc.'s holdings in Canadian National Railway were worth $29,136,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. XTX Topco Ltd lifted its stake in Canadian National Railway by 43.3% during the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company's stock worth $1,822,000 after purchasing an additional 4,698 shares during the period. Principal Financial Group Inc. lifted its stake in Canadian National Railway by 29.6% during 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 during the period. Unigestion Holding SA lifted its stake in Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock worth $18,012,000 after purchasing an additional 120,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock worth $464,002,000 after purchasing an additional 202,303 shares during the period. Finally, Partners Group Holding AG lifted its stake in Canadian National Railway by 16.3% during the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company's stock worth $47,571,000 after purchasing an additional 56,849 shares during the period. Institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus lifted their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Citigroup upgraded shares of Canadian National Railway from a "neutral" rating to a "buy" rating and lifted their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Finally, Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $124.19.

Check Out Our Latest Research Report on CNI

Canadian National Railway Trading Down 0.9 %

Shares of NYSE CNI traded down $0.88 during midday trading on Friday, reaching $101.69. 1,412,653 shares of the stock were exchanged, compared to its average volume of 1,372,838. The business has a 50-day simple moving average of $102.88 and a two-hundred day simple moving average of $109.79. The company has a market capitalization of $63.95 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.94 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. 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 (NYSE:CNI - Get Free Report) TSE: CNR last announced 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 return on equity of 22.48% and a net margin of 26.09%. As a group, equities research analysts expect that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The business 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 $0.6159 dividend. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.42%. The ex-dividend date is Monday, March 10th. Canadian National Railway's payout ratio is currently 46.68%.

About Canadian National Railway

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

Should You Invest $1,000 in Canadian National Railway Right Now?

Before you consider Canadian National Railway, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian National Railway wasn't on the list.

While Canadian National Railway currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines