Marshall Wace LLP Has $8.44 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Marshall Wace LLP raised its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,138 shares of the transportation company's stock after buying an additional 10,212 shares during the period. Marshall Wace LLP's holdings in Canadian National Railway were worth $8,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Synovus Financial Corp boosted its position in Canadian National Railway by 82.3% during the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock valued at $1,625,000 after purchasing an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter worth about $436,000. Threadgill Financial LLC lifted its holdings in shares of Canadian National Railway by 75.9% during the 4th quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock valued at $2,282,000 after buying an additional 9,701 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of 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 valued at $519,843,000 after buying an additional 571,967 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Canadian National Railway by 26.5% in the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock worth $167,000 after buying an additional 345 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 1.0 %

NYSE CNI opened at $97.61 on Wednesday. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $130.63. The stock has a market cap of $61.34 billion, a PE ratio of 19.06, a PEG ratio of 1.95 and a beta of 0.93. The firm has a 50-day simple moving average of $98.81 and a 200 day simple moving average of $104.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced 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 return on equity of 22.48% and a net margin of 26.09%. On average, research analysts forecast 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is 47.66%.

Analyst Upgrades and Downgrades

CNI has been the subject of several recent research reports. Bank of America decreased their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Citigroup decreased their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group cut 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, April 9th. Susquehanna decreased their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, Wells Fargo & Company cut their price objective on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.36.

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.

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