Schafer Cullen Capital Management Inc Has $4.48 Million Position in Canadian National Railway (CNI)

Schafer Cullen Capital Management Inc boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,403 shares of the transportation company’s stock after acquiring an additional 205 shares during the quarter. Schafer Cullen Capital Management Inc’s holdings in Canadian National Railway were worth $4,476,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. D. E. Shaw & Co. Inc. increased its stake in Canadian National Railway by 72.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 416,061 shares of the transportation company’s stock valued at $30,848,000 after purchasing an additional 175,028 shares during the last quarter. Two Sigma Advisers LP increased its stake in Canadian National Railway by 46.8% in the fourth quarter. Two Sigma Advisers LP now owns 78,172 shares of the transportation company’s stock valued at $5,795,000 after purchasing an additional 24,911 shares during the last quarter. Brinker Capital Inc. grew its position in shares of Canadian National Railway by 0.8% during the fourth quarter. Brinker Capital Inc. now owns 36,203 shares of the transportation company’s stock worth $2,683,000 after acquiring an additional 290 shares during the last quarter. L & S Advisors Inc purchased a new position in shares of Canadian National Railway during the fourth quarter worth approximately $337,000. Finally, Semmax Financial Advisors Inc. purchased a new position in shares of Canadian National Railway during the fourth quarter worth approximately $55,000. 54.45% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CNI traded down $0.82 during midday trading on Tuesday, reaching $87.79. The stock had a trading volume of 26,971 shares, compared to its average volume of 839,142. Canadian National Railway has a 12-month low of $70.36 and a 12-month high of $91.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.78 and a quick ratio of 0.62. The firm has a market cap of $63.50 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.38. Canadian National Railway had a net margin of 30.19% and a return on equity of 23.28%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the firm posted $1.20 EPS. Canadian National Railway’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts expect that Canadian National Railway will post 4.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be issued a $0.4026 dividend. The ex-dividend date is Thursday, March 7th. This represents a $1.61 dividend on an annualized basis and a yield of 1.83%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.35. Canadian National Railway’s dividend payout ratio (DPR) is 38.46%.

A number of brokerages have recently issued reports on CNI. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Monday, November 19th. Credit Suisse Group upgraded shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $95.00 in a research report on Tuesday, January 15th. Raymond James restated a “buy” rating on shares of Canadian National Railway in a research report on Tuesday, December 11th. Macquarie lowered shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 30th. Finally, Stephens upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 3rd. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Canadian National Railway has an average rating of “Hold” and a consensus price target of $92.16.

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Canadian National Railway Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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

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