Canadian National Railway (CNI) Shares Bought by Atlantic Trust Group LLC

Atlantic Trust Group LLC boosted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 82.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,445 shares of the transportation company’s stock after purchasing an additional 32,220 shares during the period. Atlantic Trust Group LLC’s holdings in Canadian National Railway were worth $5,919,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CNI. Bronfman E.L. Rothschild L.P. boosted its holdings in Canadian National Railway by 0.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock worth $115,000 after buying an additional 12 shares in the last quarter. Hall Laurie J Trustee boosted its holdings in Canadian National Railway by 4.1% during the second quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after buying an additional 50 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in Canadian National Railway by 0.6% during the second quarter. Suntrust Banks Inc. now owns 8,385 shares of the transportation company’s stock worth $679,000 after buying an additional 52 shares in the last quarter. Financial Counselors Inc. boosted its holdings in Canadian National Railway by 0.9% during the second quarter. Financial Counselors Inc. now owns 5,719 shares of the transportation company’s stock worth $464,000 after buying an additional 53 shares in the last quarter. Finally, Freestone Capital Holdings LLC boosted its holdings in Canadian National Railway by 1.4% during the second quarter. Freestone Capital Holdings LLC now owns 5,121 shares of the transportation company’s stock worth $415,000 after buying an additional 69 shares in the last quarter. 53.73% of the stock is currently owned by institutional investors.

Shares of Canadian National Railway (NYSE CNI) opened at $81.39 on Wednesday. The company has a market cap of $60,660.00, a PE ratio of 20.30, a PEG ratio of 2.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.49. Canadian National Railway has a 12-month low of $67.08 and a 12-month high of $84.48.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.3304 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s dividend payout ratio is currently 32.42%.

A number of analysts recently issued reports on CNI shares. Goldman Sachs Group started coverage on shares of Canadian National Railway in a report on Monday, November 13th. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Desjardins upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Raymond James Financial cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 25th. Finally, Deutsche Bank started coverage on shares of Canadian National Railway in a research report on Wednesday, November 1st. They set a “sell” rating and a $73.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $79.67.

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Canadian National Railway 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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