United Capital Financial Advisers LLC Grows Position in Canadian National Railway (CNI)

United Capital Financial Advisers LLC lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 12.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,016 shares of the transportation company’s stock after acquiring an additional 765 shares during the period. United Capital Financial Advisers LLC’s holdings in Canadian National Railway were worth $513,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Great West Life Assurance Co. Can lifted its position in Canadian National Railway by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 4,921,321 shares of the transportation company’s stock worth $359,222,000 after purchasing an additional 20,088 shares during the period. Fiera Capital Corp lifted its position in Canadian National Railway by 1.8% during the first quarter. Fiera Capital Corp now owns 3,118,259 shares of the transportation company’s stock worth $227,574,000 after purchasing an additional 55,364 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Canadian National Railway by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,244,307 shares of the transportation company’s stock worth $163,792,000 after acquiring an additional 18,196 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Canadian National Railway by 1.2% in the first quarter. Toronto Dominion Bank now owns 2,142,411 shares of the transportation company’s stock worth $156,568,000 after acquiring an additional 24,398 shares during the last quarter. Finally, Scotia Capital Inc. lifted its holdings in shares of Canadian National Railway by 2.8% in the fourth quarter. Scotia Capital Inc. now owns 1,957,586 shares of the transportation company’s stock worth $161,389,000 after acquiring an additional 53,558 shares during the last quarter. Institutional investors and hedge funds own 55.01% of the company’s stock.

CNI has been the subject of a number of research reports. Raymond James raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating and set a $80.81 target price for the company in a report on Tuesday, April 3rd. Bank of America cut shares of Canadian National Railway from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 6th. Zacks Investment Research cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. UBS Group raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 3rd. Finally, Deutsche Bank raised shares of Canadian National Railway from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a report on Thursday, May 24th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $84.98.

Shares of NYSE CNI opened at $80.93 on Friday. The company has a market capitalization of $58.80 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. Canadian National Railway has a 1 year low of $70.59 and a 1 year high of $85.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.61 and a quick ratio of 0.50.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Monday, April 23rd. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.16 billion. Canadian National Railway had a net margin of 41.03% and a return on equity of 23.02%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the business earned $1.15 EPS. analysts forecast that Canadian National Railway will post 4.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be issued a $0.3603 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. Canadian National Railway’s dividend payout ratio (DPR) is presently 36.46%.

Canadian National Railway Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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