ExodusPoint Capital Management LP Has $8.80 Million Stake in Canadian National Railway (NYSE:CNI)

ExodusPoint Capital Management LP lifted its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 966.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,700 shares of the transportation company's stock after purchasing an additional 78,567 shares during the quarter. ExodusPoint Capital Management LP's holdings in Canadian National Railway were worth $8,801,000 at the end of the most recent quarter.

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

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Susquehanna cut their price objective on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.19.

Canadian National Railway Trading Down 3.4 %

Shares of NYSE CNI traded down $3.31 during mid-day trading on Thursday, hitting $95.01. 713,795 shares of the company traded hands, compared to its average volume of 1,266,116. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $132.27. The stock has a market capitalization of $59.71 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.95 and a beta of 0.93. The business has a 50 day moving average of $99.46 and a two-hundred day moving average of $105.17.

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 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%. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.59%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway's payout ratio is presently 47.66%.

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.