Ninety One UK Ltd Grows Stock Position in Canadian National Railway (NYSE:CNI)

Ninety One UK Ltd raised its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,043,665 shares of the transportation company's stock after acquiring an additional 210,630 shares during the period. Ninety One UK Ltd owned approximately 0.32% of Canadian National Railway worth $207,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Lisle Cummings Inc. grew its stake in Canadian National Railway by 2.3% during the 4th quarter. Brown Lisle Cummings Inc. now owns 44,998 shares of the transportation company's stock worth $4,568,000 after buying an additional 1,028 shares during the last quarter. Jennison Associates LLC boosted its holdings in Canadian National Railway by 7.8% in the fourth quarter. Jennison Associates LLC now owns 152,814 shares of the transportation company's stock worth $15,512,000 after acquiring an additional 11,016 shares in the last quarter. Greenleaf Trust grew its stake in shares of Canadian National Railway by 3.2% during the fourth quarter. Greenleaf Trust now owns 6,739 shares of the transportation company's stock worth $684,000 after acquiring an additional 212 shares during the last quarter. Haven Global Partners LLC acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $14,562,000. Finally, Mediolanum International Funds Ltd raised its position in shares of Canadian National Railway by 46.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 48,144 shares of the transportation company's stock valued at $4,832,000 after purchasing an additional 15,216 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded down $1.65 during trading hours on Friday, reaching $101.53. The stock had a trading volume of 1,469,934 shares, compared to its average volume of 1,372,838. The stock's 50 day moving average is $103.56 and its 200 day moving average is $110.26. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02. The firm has a market capitalization of $63.85 billion, a PE ratio of 19.83, a PEG ratio of 1.94 and a beta of 0.91.

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 (EPS) 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%. Equities analysts expect that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is presently 47.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Stephens restated an "equal weight" rating and set a $116.00 price target on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their target price on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Barclays lowered their price target on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Jefferies Financial Group raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a report on Friday, January 10th. Finally, Royal Bank of Canada decreased their target price on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus target price of $124.19.

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.