Banque Cantonale Vaudoise Has $363,000 Stake in Canadian National Railway (NYSE:CNI)

Banque Cantonale Vaudoise increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.2% during the third quarter, Holdings Channel reports. The fund owned 3,099 shares of the transportation company’s stock after acquiring an additional 152 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Canadian National Railway were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock valued at $10,820,000 after purchasing an additional 21,100 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Canadian National Railway in the 2nd quarter valued at about $134,096,000. Sterling Investment Management LLC raised its holdings in Canadian National Railway by 17.2% in the 3rd quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company’s stock valued at $4,250,000 after acquiring an additional 5,329 shares during the period. Summit Global Investments acquired a new stake in Canadian National Railway during the third quarter worth approximately $636,000. Finally, Sumitomo Life Insurance Co. bought a new stake in shares of Canadian National Railway during the second quarter worth approximately $1,321,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $109.11 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $105.28 and a 12-month high of $134.02. The firm has a market capitalization of $68.72 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.41 and a beta of 0.89. The firm has a 50 day moving average of $113.29 and a 200 day moving average of $117.33.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm’s revenue was up 3.1% on a year-over-year basis. 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 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.24%. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CNI. Stephens reiterated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Sanford C. Bernstein lowered their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Barclays boosted their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $129.00 to $122.00 in a report on Friday, October 4th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $125.48.

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.