Canadian National Railway (NYSE:CNI) is Scheer Rowlett & Associates Investment Management Ltd.'s 6th Largest Position

Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 43.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 710,796 shares of the transportation company's stock after purchasing an additional 216,285 shares during the period. Canadian National Railway accounts for approximately 5.3% of Scheer Rowlett & Associates Investment Management Ltd.'s investment portfolio, making the stock its 6th biggest holding. Scheer Rowlett & Associates Investment Management Ltd. owned about 0.11% of Canadian National Railway worth $72,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Canadian National Railway by 310.5% in the third quarter. Farther Finance Advisors LLC now owns 1,404 shares of the transportation company's stock valued at $164,000 after purchasing an additional 1,062 shares during the period. Radnor Capital Management LLC purchased a new position in shares of Canadian National Railway during the 3rd quarter valued at about $316,000. Concurrent Investment Advisors LLC lifted its holdings in shares of Canadian National Railway by 4.7% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 7,523 shares of the transportation company's stock valued at $881,000 after buying an additional 338 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after buying an additional 21,100 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in Canadian National Railway during the third quarter worth about $636,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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Canadian National Railway Trading Up 1.5 %

Shares of Canadian National Railway stock traded up $1.45 during trading hours on Wednesday, hitting $96.91. The company's stock had a trading volume of 1,746,692 shares, compared to its average volume of 1,181,776. The firm has a fifty day moving average of $102.08 and a 200-day moving average of $108.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a market cap of $60.88 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (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%. Research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.54%. Canadian National Railway's dividend payout ratio is 47.85%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Susquehanna lowered their price objective on Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Barclays decreased their price objective on shares of 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. Bank of America dropped their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $124.19.

About Canadian National Railway

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.