Mawer Investment Management Ltd. Has $161.39 Million Holdings in Canadian National Railway (NYSE:CNI)

Mawer Investment Management Ltd. decreased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 29.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,211,263 shares of the transportation company’s stock after selling 911,381 shares during the quarter. Mawer Investment Management Ltd. owned about 0.30% of Canadian National Railway worth $161,389,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Mackenzie Financial Corp increased its position in Canadian National Railway by 100.7% during the 4th quarter. Mackenzie Financial Corp now owns 6,556,905 shares of the transportation company’s stock valued at $540,945,000 after purchasing an additional 3,289,767 shares during the period. CIBC Asset Management Inc lifted its stake in Canadian National Railway by 4.1% during the 4th quarter. CIBC Asset Management Inc now owns 6,343,427 shares of the transportation company’s stock valued at $525,260,000 after acquiring an additional 251,556 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Canadian National Railway by 29.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,941,493 shares of the transportation company’s stock valued at $490,174,000 after acquiring an additional 1,344,029 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Canadian National Railway by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,244,307 shares of the transportation company’s stock valued at $163,792,000 after acquiring an additional 18,196 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of Canadian National Railway by 16.9% during the 4th quarter. APG Asset Management N.V. now owns 2,011,275 shares of the transportation company’s stock valued at $138,563,000 after purchasing an additional 291,100 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

Shares of Canadian National Railway traded down $1.30, hitting $82.67, during mid-day trading on Friday, according to MarketBeat.com. 64,879 shares of the company were exchanged, compared to its average volume of 1,501,794. The company has a market cap of $61.28 billion, a PE ratio of 21.49, a P/E/G ratio of 2.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.61 and a quick ratio of 0.50. Canadian National Railway has a 1-year low of $81.16 and a 1-year high of $82.14.



Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Monday, April 23rd. The transportation company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a return on equity of 23.02% and a net margin of 41.03%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. analysts anticipate that Canadian National Railway will post 4.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be paid a $0.3603 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, June 7th. Canadian National Railway’s payout ratio is 36.72%.

Several research firms have recently weighed in on CNI. Bank of America raised shares of Canadian National Railway from an “underperform” rating to a “buy” rating and lifted their target price for the company from $72.00 to $93.00 in a report on Thursday. Macquarie cut shares of Canadian National Railway from an “outperform” rating to a “neutral” rating in a research note on Thursday. They noted that the move was a valuation call. Credit Suisse Group lowered their price target on shares of Canadian National Railway from $85.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. UBS raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 3rd. Finally, Zacks Investment Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $86.10.

Canadian National Railway Company 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.

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

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