Natixis Advisors L.P. Has $14.74 Million Holdings in Canadian National Railway (NYSE:CNI)

Posted by Defense World Staff on Apr 12th, 2023

Canadian National Railway logo Natixis Advisors L.P. boosted its holdings in shares of Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,021 shares of the transportation company’s stock after acquiring an additional 1,977 shares during the quarter. Natixis Advisors L.P.’s holdings in Canadian National Railway were worth $14,743,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP boosted its position in Canadian National Railway by 1.8% during the 3rd quarter. First Trust Advisors LP now owns 556,550 shares of the transportation company’s stock worth $60,100,000 after acquiring an additional 10,084 shares during the period. IFP Advisors Inc raised its holdings in shares of Canadian National Railway by 3.1% during the third quarter. IFP Advisors Inc now owns 11,770 shares of the transportation company’s stock worth $748,000 after acquiring an additional 350 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Canadian National Railway by 180.5% during the fourth quarter. National Bank of Canada FI now owns 5,977,754 shares of the transportation company’s stock worth $709,550,000 after acquiring an additional 3,846,281 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Canadian National Railway by 11.4% during the third quarter. D.A. Davidson & CO. now owns 2,555 shares of the transportation company’s stock worth $276,000 after acquiring an additional 262 shares in the last quarter. Finally, Hendershot Investments Inc. raised its holdings in shares of Canadian National Railway by 1.0% during the third quarter. Hendershot Investments Inc. now owns 83,289 shares of the transportation company’s stock worth $8,994,000 after acquiring an additional 834 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com assumed coverage on Canadian National Railway in a report on Thursday, March 16th. They set a “buy” rating for the company. National Bank Financial increased their price target on shares of Canadian National Railway from C$173.00 to C$175.00 in a research note on Friday, December 16th. Desjardins dropped their price target on shares of Canadian National Railway from C$180.00 to C$179.00 in a research note on Wednesday, January 25th. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, April 6th. Finally, BMO Capital Markets dropped their price target on shares of Canadian National Railway from C$185.00 to C$180.00 in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $142.00.

Canadian National Railway Price Performance

Shares of CNI stock opened at $118.88 on Wednesday. The stock’s fifty day simple moving average is $116.99 and its 200 day simple moving average is $118.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.84 and a quick ratio of 0.66. The firm has a market cap of $79.43 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.64 and a beta of 0.90. Canadian National Railway has a one year low of $103.79 and a one year high of $131.53.

Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 24th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.33 billion. Canadian National Railway had a net margin of 29.87% and a return on equity of 23.30%. On average, analysts expect that Canadian National Railway will post 5.82 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were issued a $0.5906 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, March 9th. Canadian National Railway’s payout ratio is presently 40.11%.

About Canadian National Railway

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Canadian National Railway Co engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development and maps and network. Its offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.