Magnetar Financial LLC Purchases 27,356 Shares of Canadian National Railway (NYSE:CNI)

Magnetar Financial LLC lifted its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 225.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,482 shares of the transportation company's stock after purchasing an additional 27,356 shares during the quarter. Magnetar Financial LLC's holdings in Canadian National Railway were worth $4,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway in the 4th quarter worth $30,000. Addison Advisors LLC raised its position 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 valued at $32,000 after buying an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 worth $34,000 after acquiring an additional 108 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Canadian National Railway in the fourth quarter worth $59,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

Remove Ads

Canadian National Railway Trading Down 0.3 %

Shares of CNI traded down $0.27 during mid-day trading on Tuesday, hitting $98.43. 911,666 shares of the company's stock traded hands, compared to its average volume of 1,187,429. 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 firm has a market capitalization of $61.85 billion, a P/E ratio of 19.22, a PEG ratio of 1.95 and a beta of 0.91. The business's 50-day moving average price is $101.24 and its 200-day moving average price is $106.99. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.73.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) 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, sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.50%. Canadian National Railway's dividend payout ratio (DPR) is 47.66%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNI. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Susquehanna cut their target price on Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Bank of America lowered their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.19.

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.