Canadian National Railway (NYSE:CNI) Shares Acquired by Partners Group Holding AG

Partners Group Holding AG boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,066 shares of the transportation company’s stock after buying an additional 56,849 shares during the period. Canadian National Railway accounts for approximately 3.2% of Partners Group Holding AG’s investment portfolio, making the stock its 11th largest holding. Partners Group Holding AG owned 0.06% of Canadian National Railway worth $47,571,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway in the 2nd quarter worth about $26,000. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Canadian National Railway during the second quarter worth approximately $34,000. Finally, Coastline Trust Co bought a new position in Canadian National Railway in the 3rd quarter worth approximately $34,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Trading Up 0.4 %

Shares of NYSE CNI opened at $111.74 on Tuesday. The business has a fifty day simple moving average of $112.96 and a 200-day simple moving average of $117.00. The company has a market cap of $70.37 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 2.51 and a beta of 0.89. Canadian National Railway has a 12 month low of $105.28 and a 12 month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Sell-side analysts predict that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is 39.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a report on Monday, October 7th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.48.

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.