Fiera Capital Corp Purchases 39,063 Shares of Canadian National Railway (NYSE:CNI)

Fiera Capital Corp increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,482,524 shares of the transportation company’s stock after acquiring an additional 39,063 shares during the period. Canadian National Railway makes up about 1.9% of Fiera Capital Corp’s portfolio, making the stock its 13th largest holding. Fiera Capital Corp’s holdings in Canadian National Railway were worth $642,828,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Canadian National Railway during the 2nd quarter valued at about $26,000. Addison Advisors LLC boosted its holdings in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Canadian National Railway during the 2nd quarter worth about $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the 3rd quarter valued at about $41,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CNI shares. Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Stifel Nicolaus upped their target price on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Citigroup lifted their price target on Canadian National Railway from $125.00 to $126.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.18.

Canadian National Railway Trading Down 1.7 %

NYSE CNI traded down $1.94 during mid-day trading on Friday, reaching $111.40. 218,228 shares of the stock were exchanged, compared to its average volume of 1,113,209. Canadian National Railway has a 1-year low of $107.54 and a 1-year high of $134.02. The business’s fifty day simple moving average is $114.92 and its 200 day simple moving average is $118.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market capitalization of $70.05 billion, a PE ratio of 18.16, a PEG ratio of 2.53 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. On average, research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio is presently 39.26%.

Canadian National Railway Profile

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.