Arrowstreet Capital Limited Partnership Has $488.49 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Arrowstreet Capital Limited Partnership raised its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,814,469 shares of the transportation company's stock after acquiring an additional 1,102,977 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.77% of Canadian National Railway worth $488,488,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after purchasing an additional 108 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after acquiring an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. increased its position in Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after purchasing an additional 139 shares during the period. Addison Advisors LLC raised its holdings in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in Canadian National Railway by 5.0% during the 4th quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company's stock valued at $335,000 after purchasing an additional 156 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 0.0 %

CNI traded down $0.05 during trading on Thursday, reaching $100.19. 930,170 shares of the company's stock were exchanged, compared to its average volume of 1,241,596. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a one year low of $93.64 and a one year high of $132.27. The firm has a fifty day moving average price of $100.80 and a two-hundred day moving average price of $106.17. The stock has a market capitalization of $62.96 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.46%. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CNI. Susquehanna cut their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada dropped their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Jefferies Financial Group raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. Finally, Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.36.

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.