Fisher Asset Management LLC Has $225.36 Million Position in Canadian National Railway Company $CNI

Fisher Asset Management LLC increased its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,279,778 shares of the transportation company’s stock after buying an additional 216,963 shares during the quarter. Fisher Asset Management LLC’s holdings in Canadian National Railway were worth $225,356,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CNI. AQR Capital Management LLC acquired a new stake in Canadian National Railway during the first quarter worth approximately $311,000. Focus Partners Wealth grew its position in Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after buying an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Canadian National Railway in the 2nd quarter valued at $202,000. EverSource Wealth Advisors LLC increased its stake in shares of Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Canadian National Railway by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 474 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNI shares. Weiss Ratings upgraded Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Barclays lifted their price target on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Sanford C. Bernstein lifted their price target on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Finally, Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Trading Up 0.0%

Shares of CNI stock opened at $114.24 on Tuesday. The firm has a market capitalization of $69.43 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.19 and a beta of 0.95. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $115.80. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $108.41 and its 200 day simple moving average is $103.21.

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

Canadian National Railway Dividend Announcement

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

Canadian National Railway Profile

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.