Canadian National Railway (CNI) Position Raised by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,870,472 shares of the transportation company’s stock after purchasing an additional 46,700 shares during the quarter. Canadian National Railway makes up 3.0% of Caisse DE Depot ET Placement DU Quebec’s holdings, making the stock its 5th largest position. Caisse DE Depot ET Placement DU Quebec owned 2.13% of Canadian National Railway worth $1,317,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hall Laurie J Trustee increased its position in Canadian National Railway by 4.1% during the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Canadian National Railway by 0.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock valued at $115,000 after buying an additional 12 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in Canadian National Railway during the 1st quarter valued at about $123,000. Proficio Capital Partners LLC increased its position in Canadian National Railway by 0.8% during the 2nd quarter. Proficio Capital Partners LLC now owns 1,783 shares of the transportation company’s stock valued at $143,000 after buying an additional 15 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. acquired a new position in Canadian National Railway during the 2nd quarter valued at about $146,000. Hedge funds and other institutional investors own 53.83% of the company’s stock.

Canadian National Railway (NYSE CNI) opened at $79.19 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $58,695.68, a PE ratio of 20.38, a PEG ratio of 2.12 and a beta of 1.09. Canadian National Railway has a 1-year low of $66.58 and a 1-year high of $84.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a $0.3304 dividend. The ex-dividend date is Thursday, December 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.67%. Canadian National Railway’s dividend payout ratio is currently 33.85%.

Canadian National Railway declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 24th that permits the company to repurchase 31,000,000 outstanding shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Several research analysts recently issued reports on the company. Raymond James Financial lowered Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Desjardins raised Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian National Railway in a research report on Wednesday, October 25th. Zacks Investment Research lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Cowen reaffirmed a “buy” rating and set a $83.00 target price on shares of Canadian National Railway in a research report on Sunday, September 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Canadian National Railway has an average rating of “Hold” and an average price target of $79.67.

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Canadian National Railway Company Profile

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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

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