Generali Asset Management SPA SGR Invests $3.23 Million in Canadian National Railway (NYSE:CNI)

Generali Asset Management SPA SGR purchased a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 31,782 shares of the transportation company's stock, valued at approximately $3,226,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI boosted its holdings in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after purchasing an additional 2,137,948 shares during the last quarter. Canoe Financial LP acquired a new position in Canadian National Railway in the fourth quarter valued at approximately $216,943,000. Point72 Asset Management L.P. purchased a new position in Canadian National Railway in the third quarter worth approximately $159,907,000. Wellington Management Group LLP increased its stake in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in Canadian National Railway by 64.5% in 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 during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on CNI. Susquehanna lowered their price target on Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Royal Bank of Canada decreased their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Barclays decreased their price target on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $124.19.

Canadian National Railway Stock Performance

Shares of CNI traded up $1.92 during midday trading on Monday, reaching $98.73. 1,462,470 shares of the stock were exchanged, compared to its average volume of 1,187,451. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $132.73. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market capitalization of $62.04 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.95 and a beta of 0.91. The business's 50-day moving average price is $101.27 and its 200 day moving average price is $107.13.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate 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, sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid 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 2.50%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's payout ratio is currently 47.66%.

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.