Trexquant Investment LP Boosts Stock Holdings in Canadian National Railway (NYSE:CNI)

Trexquant Investment LP raised its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 177.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,689 shares of the transportation company's stock after buying an additional 41,407 shares during the quarter. Trexquant Investment LP's holdings in Canadian National Railway were worth $6,567,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC lifted its holdings in shares of 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 acquiring an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CNI. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Citigroup reduced their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday. Susquehanna dropped their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, Jefferies Financial Group reduced their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $121.19.

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Canadian National Railway Trading Down 3.2 %

Shares of Canadian National Railway stock traded down $3.13 during midday trading on Thursday, reaching $95.19. The company had a trading volume of 713,795 shares, compared to its average volume of 1,477,038. The firm has a market cap of $59.82 billion, a PE ratio of 18.57, a P/E/G ratio of 1.95 and a beta of 0.93. The stock has a fifty day moving average price of $99.46 and a 200 day moving average price of $105.17. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $132.27.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.6159 per share. This is a boost 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 dividend yield of 2.59%. Canadian National Railway's payout ratio is presently 47.66%.

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.