Rempart Asset Management Inc. Has $22.88 Million Stock Position in Canadian National Railway (NYSE:CNI)

Rempart Asset Management Inc. raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,830 shares of the transportation company’s stock after purchasing an additional 1,055 shares during the period. Canadian National Railway accounts for 4.8% of Rempart Asset Management Inc.’s portfolio, making the stock its 4th largest position. Rempart Asset Management Inc.’s holdings in Canadian National Railway were worth $22,883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ahrens Investment Partners LLC bought a new stake in shares of Canadian National Railway during the first quarter valued at approximately $26,000. CoreCap Advisors LLC bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $53,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Canadian National Railway during the first quarter valued at approximately $54,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Canadian National Railway by 24.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 466 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

Canadian National Railway Price Performance

NYSE CNI traded up $0.94 on Friday, reaching $116.40. The company had a trading volume of 1,635,338 shares, compared to its average volume of 1,055,594. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $76.08 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 3.12 and a beta of 0.91. The firm’s 50 day moving average price is $115.14 and its 200 day moving average price is $116.95. Canadian National Railway has a 12 month low of $103.79 and a 12 month high of $129.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.06). The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.13 billion. Canadian National Railway had a net margin of 30.21% and a return on equity of 24.62%. As a group, equities analysts predict that Canadian National Railway will post 5.57 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.5996 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, September 7th. Canadian National Railway’s payout ratio is currently 39.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CNI. Stephens reduced their price target on shares of Canadian National Railway from $124.00 to $122.00 in a research report on Wednesday, July 26th. BMO Capital Markets dropped their target price on shares of Canadian National Railway from C$177.00 to C$175.00 in a report on Wednesday, July 26th. Argus cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Desjardins dropped their target price on shares of Canadian National Railway from C$184.00 to C$181.00 in a report on Wednesday, July 26th. Finally, CIBC dropped their target price on shares of Canadian National Railway from C$177.00 to C$175.00 in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.71.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.