XTX Topco Ltd Buys 4,698 Shares of Canadian National Railway (NYSE:CNI)

XTX Topco Ltd lifted its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 43.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,552 shares of the transportation company's stock after acquiring an additional 4,698 shares during the period. XTX Topco Ltd's holdings in Canadian National Railway were worth $1,822,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CNI. Principal Financial Group Inc. grew its position in Canadian National Railway by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after purchasing an additional 21,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock valued at $464,002,000 after buying an additional 202,303 shares in the last quarter. Partners Group Holding AG raised its position in Canadian National Railway by 16.3% during the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company's stock valued at $47,571,000 after buying an additional 56,849 shares during the period. Sterling Investment Management LLC raised its position in Canadian National Railway by 17.2% during the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company's stock valued at $4,250,000 after buying an additional 5,329 shares during the period. Finally, Summit Global Investments purchased a new stake in Canadian National Railway in the 3rd quarter worth about $636,000. Institutional investors and hedge funds own 80.74% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have weighed in on CNI shares. Evercore ISI lowered their target price on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 23rd. Barclays upped their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Citigroup raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and lifted their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Sanford C. Bernstein dropped their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Finally, Benchmark restated a "hold" rating on shares of Canadian National Railway in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Canadian National Railway currently has an average rating of "Hold" and a consensus price target of $125.86.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded down $2.35 during midday trading on Friday, hitting $106.96. The company's stock had a trading volume of 1,569,201 shares, compared to its average volume of 1,285,524. Canadian National Railway has a fifty-two week low of $105.28 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The stock has a market capitalization of $67.36 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.50 and a beta of 0.89. The stock's 50 day simple moving average is $111.64 and its 200 day simple moving average is $115.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate 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 revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. As a group, research analysts anticipate that Canadian National Railway will post 5.31 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.28%. Canadian National Railway's dividend payout ratio (DPR) is 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.