Janus Henderson Group PLC Buys 1,606 Shares of Canadian National Railway (NYSE:CNI)

Janus Henderson Group PLC grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 82,561 shares of the transportation company’s stock after purchasing an additional 1,606 shares during the quarter. Janus Henderson Group PLC’s holdings in Canadian National Railway were worth $10,874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Canadian National Railway by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after acquiring an additional 387,975 shares during the last quarter. Wellington Management Group LLP boosted its stake in Canadian National Railway by 9.6% during the 4th quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock worth $2,761,473,000 after acquiring an additional 1,907,938 shares during the last quarter. FIL Ltd boosted its stake in Canadian National Railway by 7.2% during the 4th quarter. FIL Ltd now owns 19,189,809 shares of the transportation company’s stock worth $2,412,032,000 after acquiring an additional 1,280,726 shares during the last quarter. TD Asset Management Inc boosted its stake in Canadian National Railway by 2.8% during the 4th quarter. TD Asset Management Inc now owns 11,651,919 shares of the transportation company’s stock worth $1,471,733,000 after acquiring an additional 314,600 shares during the last quarter. Finally, Capital International Investors raised its holdings in Canadian National Railway by 18.1% during the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock worth $1,185,647,000 after buying an additional 1,379,976 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of CNI opened at $113.24 on Friday. The company has a market cap of $71.28 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.35 and a beta of 0.89. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company’s fifty day simple moving average is $120.28 and its 200 day simple moving average is $125.20. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. Canadian National Railway’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, research analysts forecast that Canadian National Railway will post 5.64 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.614 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.17%. Canadian National Railway’s dividend payout ratio (DPR) is 39.23%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays dropped their target price on shares of Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Stephens dropped their target price on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Sanford C. Bernstein downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $146.25 to $130.67 in a report on Monday, July 8th. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Sixteen equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average price target of $138.35.

Canadian National Railway Company 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.