Natixis Advisors L.P. Acquires 29,499 Shares of Canadian National Railway (NYSE:CNI)

Natixis Advisors L.P. raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 187,684 shares of the transportation company’s stock after purchasing an additional 29,499 shares during the quarter. Natixis Advisors L.P.’s holdings in Canadian National Railway were worth $23,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CNI. LGT Group Foundation increased its position in shares of Canadian National Railway by 6.7% in the 4th quarter. LGT Group Foundation now owns 70,708 shares of the transportation company’s stock valued at $8,830,000 after buying an additional 4,449 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Canadian National Railway by 11.7% in the 4th quarter. First Trust Direct Indexing L.P. now owns 9,020 shares of the transportation company’s stock valued at $1,133,000 after buying an additional 945 shares in the last quarter. ICW Investment Advisors LLC increased its position in shares of Canadian National Railway by 1.3% in the 4th quarter. ICW Investment Advisors LLC now owns 15,125 shares of the transportation company’s stock valued at $1,900,000 after buying an additional 190 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Canadian National Railway by 83.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,395 shares of the transportation company’s stock valued at $175,000 after buying an additional 634 shares in the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of Canadian National Railway in the 4th quarter valued at $229,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Financial Group started coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 price objective for the company. Finally, Susquehanna increased their price objective on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Seventeen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average target price of $149.05.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $123.54 on Monday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. The firm has a market capitalization of $78.90 billion, a P/E ratio of 19.70, a P/E/G ratio of 2.17 and a beta of 0.89. The company’s 50 day moving average price is $128.73 and its two-hundred day moving average price is $123.04.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.625 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a yield of 2.02%. Canadian National Railway’s dividend payout ratio is currently 40.03%.

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.