Two Sigma Advisers LP Boosts Holdings in Canadian National Railway (NYSE:CNI)

Two Sigma Advisers LP raised its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 123.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,172 shares of the transportation company's stock after buying an additional 95,200 shares during the quarter. Two Sigma Advisers LP's holdings in Canadian National Railway were worth $20,170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Canadian National Railway by 29.6% during the third 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Canadian National Railway by 5.4% during the 3rd 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 during the period. Partners Group Holding AG lifted its holdings in Canadian National Railway by 16.3% in the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company's stock valued at $47,571,000 after acquiring an additional 56,849 shares during the last quarter. Sterling Investment Management LLC grew its position in Canadian National Railway by 17.2% in the third quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company's stock worth $4,250,000 after acquiring an additional 5,329 shares during the period. Finally, Summit Global Investments acquired a new stake in Canadian National Railway during the third quarter worth $636,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNI has been the topic of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Citigroup raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and upped their target price for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Susquehanna dropped their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price objective on the stock in a report on Monday, October 7th. Finally, The Goldman Sachs Group dropped their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $125.86.

Canadian National Railway Stock Down 0.5 %

Canadian National Railway stock traded down $0.57 during trading on Monday, reaching $106.39. The stock had a trading volume of 2,514,603 shares, compared to its average volume of 1,141,734. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 52-week low of $105.28 and a 52-week high of $134.02. The stock has a market cap of $67.00 billion, a PE ratio of 17.14, a P/E/G ratio of 2.50 and a beta of 0.89. The business has a 50 day moving average price of $111.64 and a 200 day moving average price of $115.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS 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 firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company's revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Canadian National Railway will post 5.31 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.30%. Canadian National Railway's payout ratio is currently 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.