Intact Investment Management Inc. Buys 26,680 Shares of Canadian National Railway (NYSE:CNI)

Intact Investment Management Inc. boosted its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 415,449 shares of the transportation company's stock after purchasing an additional 26,680 shares during the quarter. Canadian National Railway makes up 1.5% of Intact Investment Management Inc.'s investment portfolio, making the stock its 15th largest position. Intact Investment Management Inc. owned about 0.07% of Canadian National Railway worth $42,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the 4th quarter valued at about $25,000. Coastline Trust Co bought a new stake in shares of Canadian National Railway during the 3rd quarter valued at about $34,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC boosted its position in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNI. Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Bank of America decreased their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. 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. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus lifted their price target on Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $124.19.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $0.71 during trading on Tuesday, hitting $97.50. 807,418 shares of the company's stock were exchanged, compared to its average volume of 1,183,798. 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 has a 52-week low of $93.64 and a 52-week high of $134.02. The business's 50-day simple moving average is $101.67 and its 200 day simple moving average is $107.71. The company has a market cap of $61.27 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.95 and a beta of 0.91.

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 EPS 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%. As a group, equities analysts predict that Canadian National Railway will post 5.52 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. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.53%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is presently 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.