Compass Capital Management Inc. Acquires Shares of 2,580 Canadian National Railway (CNI)

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Compass Capital Management Inc. acquired a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the first quarter, HoldingsChannel.com reports. The firm acquired 2,580 shares of the transportation company’s stock, valued at approximately $231,000.

Several other institutional investors have also recently modified their holdings of CNI. Norges Bank purchased a new position in shares of Canadian National Railway during the fourth quarter valued at about $483,340,000. Mackenzie Financial Corp grew its position in shares of Canadian National Railway by 29.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,642,677 shares of the transportation company’s stock valued at $492,289,000 after purchasing an additional 1,500,861 shares in the last quarter. Deutsche Bank AG grew its position in shares of Canadian National Railway by 36.9% during the fourth quarter. Deutsche Bank AG now owns 3,442,007 shares of the transportation company’s stock valued at $255,082,000 after purchasing an additional 927,659 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Canadian National Railway by 16.0% during the first quarter. Toronto Dominion Bank now owns 4,811,058 shares of the transportation company’s stock valued at $430,788,000 after purchasing an additional 664,452 shares in the last quarter. Finally, Vanguard Group Inc grew its position in shares of Canadian National Railway by 2.7% during the third quarter. Vanguard Group Inc now owns 19,024,269 shares of the transportation company’s stock valued at $1,708,379,000 after purchasing an additional 497,662 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company’s stock.

Shares of NYSE:CNI traded down $0.01 during trading on Wednesday, reaching $92.31. The company’s stock had a trading volume of 8,787 shares, compared to its average volume of 789,150. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $66.25 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.86 and a beta of 1.07. Canadian National Railway has a 12 month low of $70.36 and a 12 month high of $94.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Monday, April 29th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.28. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.48 billion. Canadian National Railway had a net margin of 29.86% and a return on equity of 23.64%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 earnings per share. As a group, equities analysts forecast that Canadian National Railway will post 4.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.3982 dividend. This represents a $1.59 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, June 6th. Canadian National Railway’s payout ratio is currently 38.46%.

A number of research analysts have recently weighed in on CNI shares. BMO Capital Markets upgraded Canadian National Railway to a “market perform” rating and set a $125.00 price objective for the company in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Macquarie restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, March 28th. Credit Suisse Group upgraded Canadian National Railway from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $95.00 in a research report on Tuesday, January 15th. Barclays reaffirmed a “hold” rating and issued a $86.00 price target on shares of Canadian National Railway in a report on Thursday, January 17th. Finally, Stephens increased their price target on shares of Canadian National Railway from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $96.41.

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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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