XTX Topco Ltd Trims Holdings in Canadian National Railway (NYSE:CNI)

XTX Topco Ltd lowered its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,820 shares of the transportation company's stock after selling 3,732 shares during the quarter. XTX Topco Ltd's holdings in Canadian National Railway were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Canadian National Railway in the 4th quarter worth $25,000. Arlington Trust Co LLC purchased a new position in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the 4th quarter valued at approximately $30,000. Addison Advisors LLC increased its holdings in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 period. 80.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CNI has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Royal Bank of Canada decreased their price target on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Bank of America dropped their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Barclays decreased their target price on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Citigroup cut 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.36.

Canadian National Railway Trading Up 0.7 %

Shares of NYSE:CNI traded up $0.67 during trading on Friday, reaching $99.21. The company's stock had a trading volume of 1,159,602 shares, compared to its average volume of 1,286,147. The stock has a market capitalization of $62.35 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $130.63. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm's 50 day simple moving average is $98.99 and its two-hundred day simple moving average is $104.22.

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 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts predict that Canadian National Railway will post 5.52 EPS 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 is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.48%. Canadian National Railway's payout ratio is 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.