Canadian National Railway (NYSE:CNI) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 19.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,927 shares of the transportation company's stock after purchasing an additional 11,443 shares during the quarter. Quantbot Technologies LP's holdings in Canadian National Railway were worth $6,997,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNI. Wellington Management Group LLP boosted its holdings in Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the period. National Bank of Canada FI boosted its holdings in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after acquiring an additional 2,137,948 shares during the period. Fiera Capital Corp boosted its holdings in Canadian National Railway by 2.6% in the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock worth $570,550,000 after acquiring an additional 142,070 shares during the period. CIBC Asset Management Inc boosted its holdings in Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after acquiring an additional 571,967 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Canadian National Railway by 5.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock worth $464,002,000 after acquiring an additional 202,303 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

CNI has been the subject of a number of analyst reports. Bank of America decreased their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Friday, January 10th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Finally, Barclays reduced their target price on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $124.19.

Canadian National Railway Stock Performance

NYSE CNI traded down $0.71 during trading hours on Tuesday, hitting $97.50. The company had a trading volume of 807,418 shares, compared to its average volume of 1,183,798. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $101.67 and a 200-day simple moving average of $107.71. The firm has a market cap of $61.27 billion, a P/E ratio of 19.04, 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 issued its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is 47.66%.

About Canadian National Railway

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.