Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Canadian National Railway (NYSE:CNI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,526 shares of the transportation company's stock after acquiring an additional 29,856 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Canadian National Railway were worth $25,326,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farrow Financial Inc. lifted its position in Canadian National Railway by 2.9% in the fourth quarter. Farrow Financial Inc. now owns 18,980 shares of the transportation company's stock valued at $1,913,000 after buying an additional 540 shares during the last quarter. PCJ Investment Counsel Ltd. purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $3,203,000. Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in shares of Canadian National Railway by 43.7% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 710,796 shares of the transportation company's stock worth $72,087,000 after acquiring an additional 216,285 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Canadian National Railway during the 4th quarter worth approximately $1,247,000. Finally, West Family Investments Inc. purchased a new position in shares of Canadian National Railway during the 4th quarter worth approximately $210,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $95.33 on Wednesday. The business has a fifty day moving average of $102.08 and a two-hundred 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 company has a market cap of $59.89 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02.

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Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data 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 return on equity of 22.48% and a net margin of 26.09%. As a group, analysts predict that Canadian National Railway will post 5.52 earnings per share 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. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is presently 47.85%.

Wall Street Analyst Weigh In

CNI has been the topic of several research analyst reports. Bank of America cut their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Stifel Nicolaus boosted their target price 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. Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.19.

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.

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