Mufg Securities Canada LTD. Has $85.75 Million Stake in Canadian National Railway (NYSE:CNI)

Mufg Securities Canada LTD. boosted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 71.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 844,974 shares of the transportation company’s stock after buying an additional 353,358 shares during the quarter. Canadian National Railway makes up approximately 3.1% of Mufg Securities Canada LTD.’s portfolio, making the stock its 12th biggest position. Mufg Securities Canada LTD.’s holdings in Canadian National Railway were worth $85,748,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 valued at $34,000 after acquiring an additional 108 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after purchasing an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its position in shares of Canadian National Railway by 1.2% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after buying an additional 139 shares during the period. Addison Advisors LLC raised its stake in Canadian National Railway by 80.2% during 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 during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Canadian National Railway by 5.0% in the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock valued at $335,000 after buying an additional 156 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Bank of America dropped their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Two equities research 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 stock has a consensus rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Trading Down 0.3 %

NYSE:CNI opened at $98.43 on Wednesday. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $132.73. The firm has a 50-day moving average price of $101.21 and a two-hundred day moving average price of $106.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm has a market cap of $61.85 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth 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%. On average, equities analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s payout ratio is 47.66%.

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.