JARISLOWSKY FRASER Ltd Has $926.57 Million Stock Position in Canadian National Railway (NYSE:CNI)

JARISLOWSKY FRASER Ltd lifted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,159,075 shares of the transportation company’s stock after purchasing an additional 422,078 shares during the period. Canadian National Railway accounts for approximately 5.4% of JARISLOWSKY FRASER Ltd’s investment portfolio, making the stock its 2nd biggest holding. JARISLOWSKY FRASER Ltd’s holdings in Canadian National Railway were worth $926,573,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Canadian National Railway by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock valued at $2,334,251,000 after buying an additional 101,228 shares in the last quarter. Capital International Investors boosted its position in shares of Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company’s stock valued at $1,199,680,000 after acquiring an additional 1,341,133 shares during the period. TD Asset Management Inc. grew its stake in shares of Canadian National Railway by 2.7% in the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock valued at $1,194,443,000 after acquiring an additional 309,210 shares in the last quarter. Deutsche Bank AG increased its position in Canadian National Railway by 5.9% during the fourth quarter. Deutsche Bank AG now owns 5,701,425 shares of the transportation company’s stock worth $578,752,000 after acquiring an additional 316,422 shares during the period. Finally, Fiera Capital Corp raised its stake in Canadian National Railway by 2.6% in the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock worth $570,550,000 after purchasing an additional 142,070 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Down 0.9 %

Shares of CNI opened at $100.40 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The stock has a market capitalization of $63.10 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.95 and a beta of 0.97. The stock has a fifty day moving average of $98.07 and a 200-day moving average of $102.65.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the firm posted $1.72 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on CNI shares. Evercore ISI lowered their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Susquehanna raised Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price objective for the company in a report on Tuesday, May 6th. Citigroup reduced their target price on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.27.

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.