Fiera Capital Corp Acquires 39,063 Shares of Canadian National Railway (NYSE:CNI)

Fiera Capital Corp grew its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,482,524 shares of the transportation company's stock after buying an additional 39,063 shares during the quarter. Canadian National Railway accounts for approximately 1.9% of Fiera Capital Corp's holdings, making the stock its 13th biggest holding. Fiera Capital Corp owned approximately 0.87% of Canadian National Railway worth $642,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CNI. Private Advisor Group LLC raised its stake in Canadian National Railway by 19.4% in the first quarter. Private Advisor Group LLC now owns 10,263 shares of the transportation company's stock valued at $1,352,000 after buying an additional 1,671 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Canadian National Railway in the 1st quarter valued at $64,000. Duality Advisers LP lifted its stake in Canadian National Railway by 53.3% in the 1st quarter. Duality Advisers LP now owns 19,095 shares of the transportation company's stock valued at $2,515,000 after buying an additional 6,637 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Canadian National Railway by 36.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 16,922 shares of the transportation company's stock valued at $2,229,000 after purchasing an additional 4,551 shares during the last quarter. Finally, Forsta AP Fonden raised its holdings in Canadian National Railway by 7.8% in the 1st quarter. Forsta AP Fonden now owns 136,900 shares of the transportation company's stock valued at $18,045,000 after acquiring an additional 9,900 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 2.3 %

Shares of NYSE:CNI traded down $2.56 during midday trading on Friday, hitting $110.79. 1,018,412 shares of the stock were exchanged, compared to its average volume of 1,116,892. The stock has a market capitalization of $69.66 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.53 and a beta of 0.89. The business's 50-day moving average price is $114.71 and its 200 day moving average price is $118.23. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. Canadian National Railway has a 12 month low of $107.54 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business's revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 earnings per share. Analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is presently 39.26%.

Wall Street Analysts Forecast Growth

CNI has been the topic of several research analyst reports. Citigroup boosted their price objective on shares of Canadian National Railway from $125.00 to $126.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price objective for the company in a research report on Monday, October 7th. Veritas upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein cut their price target on Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Finally, Barclays boosted their target price on Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of "Hold" and an average price target of $125.18.

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.