Partners Group Holding AG Has $47.57 Million Stock Position in Canadian National Railway (NYSE:CNI)

Partners Group Holding AG boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.3% in the third quarter, HoldingsChannel reports. The fund owned 406,066 shares of the transportation company’s stock after buying an additional 56,849 shares during the quarter. Canadian National Railway accounts for 3.2% of Partners Group Holding AG’s portfolio, making the stock its 11th biggest holding. Partners Group Holding AG’s holdings in Canadian National Railway were worth $47,571,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Canadian National Railway in the second quarter worth approximately $26,000. Addison Advisors LLC grew its position in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Fortitude Family Office LLC increased its stake in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the period. ORG Partners LLC purchased a new stake in Canadian National Railway in the 2nd quarter worth approximately $34,000. Finally, Coastline Trust Co acquired a new stake in shares of Canadian National Railway during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CNI. The Goldman Sachs Group dropped their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. Stephens reiterated an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein reduced their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.48.

Canadian National Railway Stock Up 0.4 %

Shares of CNI stock opened at $111.74 on Tuesday. Canadian National Railway has a 12 month low of $105.28 and a 12 month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a market cap of $70.37 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 2.51 and a beta of 0.89. The stock has a 50 day moving average of $112.96 and a 200-day moving average of $117.00.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. On average, equities analysts predict that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio is presently 39.26%.

Canadian National Railway 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.