Canadian National Railway Company $CNI Shares Purchased by Markel Group Inc.

Markel Group Inc. boosted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 78.0% during the fourth quarter, HoldingsChannel reports. The fund owned 44,500 shares of the transportation company’s stock after buying an additional 19,500 shares during the period. Markel Group Inc.’s holdings in Canadian National Railway were worth $4,399,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CNI. AQR Capital Management LLC acquired a new position in Canadian National Railway in the first quarter valued at approximately $311,000. Focus Partners Wealth lifted its holdings in Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after acquiring an additional 1,146 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in Canadian National Railway in the second quarter valued at approximately $202,000. EverSource Wealth Advisors LLC lifted its holdings in Canadian National Railway by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Canadian National Railway by 2.9% in the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after acquiring an additional 474 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.1%

Shares of NYSE CNI opened at $114.24 on Friday. The firm has a market cap of $69.43 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.18 and a beta of 0.95. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $115.80. The business’s 50 day moving average is $108.20 and its two-hundred day moving average is $103.03.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.2%. Canadian National Railway’s dividend payout ratio is currently 48.73%.

Analyst Ratings Changes

A number of brokerages have issued reports on CNI. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Stephens cut their target price on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, February 2nd. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a research report on Monday, February 2nd. Finally, Sanford C. Bernstein boosted their target price on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $122.04.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.