Canadian National Railway (NYSE:CNI) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,484 shares of the transportation company's stock after purchasing an additional 11,483 shares during the quarter. Quantbot Technologies LP's holdings in Canadian National Railway were worth $6,734,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. D.A. Davidson & CO. grew its stake in Canadian National Railway by 13.9% during the 3rd quarter. D.A. Davidson & CO. now owns 1,978 shares of the transportation company's stock valued at $232,000 after acquiring an additional 241 shares in the last quarter. DRW Securities LLC purchased a new stake in Canadian National Railway in the 3rd quarter valued at $1,582,000. Douglass Winthrop Advisors LLC boosted its holdings in Canadian National Railway by 1.2% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,011,923 shares of the transportation company's stock valued at $118,547,000 after purchasing an additional 12,473 shares during the last quarter. Fisher Asset Management LLC grew its position in Canadian National Railway by 71.4% in the third quarter. Fisher Asset Management LLC now owns 3,135 shares of the transportation company's stock worth $367,000 after acquiring an additional 1,306 shares during the period. Finally, Cerity Partners LLC raised its position in Canadian National Railway by 25.1% in the third quarter. Cerity Partners LLC now owns 123,445 shares of the transportation company's stock valued at $14,462,000 after purchasing an additional 24,753 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CNI. Royal Bank of Canada upgraded shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Barclays increased their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Veritas raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Finally, Stephens restated an "equal weight" rating and set a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $125.48.

Canadian National Railway Stock Down 1.9 %

Shares of CNI stock traded down $2.12 on Tuesday, reaching $109.66. 1,221,906 shares of the stock were exchanged, compared to its average volume of 1,125,260. The company has a market capitalization of $69.06 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.51 and a beta of 0.89. The business's 50 day moving average price is $112.96 and its 200 day moving average price is $117.00. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a twelve month low of $105.28 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter last year, the company earned $1.26 earnings per share. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Canadian National Railway will post 5.49 earnings per share for the current fiscal 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 given a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, December 9th. 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.