Intact Investment Management Inc. Grows Position in Canadian National Railway (NYSE:CNI)

Intact Investment Management Inc. raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 415,449 shares of the transportation company’s stock after purchasing an additional 26,680 shares during the quarter. Canadian National Railway makes up approximately 1.5% of Intact Investment Management Inc.’s portfolio, making the stock its 15th largest holding. Intact Investment Management Inc. owned 0.07% of Canadian National Railway worth $42,182,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway during the fourth quarter valued at about $25,000. Coastline Trust Co purchased a new stake in shares of Canadian National Railway in the third quarter worth about $34,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter worth about $30,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.9 %

Shares of NYSE CNI opened at $96.00 on Friday. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm’s 50 day simple moving average is $101.87 and its two-hundred day simple moving average is $108.12. The stock has a market capitalization of $60.31 billion, a P/E ratio of 18.75, a PEG ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNI. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada lowered their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Susquehanna lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.19.

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.