Canadian National Railway (NYSE:CNI) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 177.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 64,689 shares of the transportation company’s stock after buying an additional 41,407 shares during the quarter. Trexquant Investment LP’s holdings in Canadian National Railway were worth $6,567,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Townsquare Capital LLC acquired a new stake in Canadian National Railway during the 3rd quarter worth about $240,000. Captrust Financial Advisors boosted its stake in Canadian National Railway by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 18,935 shares of the transportation company’s stock worth $2,218,000 after purchasing an additional 659 shares during the period. Benjamin Edwards Inc. purchased a new position in Canadian National Railway during the 3rd quarter worth approximately $478,000. Hilltop Holdings Inc. grew its position in Canadian National Railway by 27.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 2,903 shares of the transportation company’s stock worth $340,000 after purchasing an additional 620 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Canadian National Railway by 98.8% during the 3rd quarter. Janus Henderson Group PLC now owns 130,323 shares of the transportation company’s stock valued at $15,231,000 after purchasing an additional 64,783 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Barclays decreased their price objective on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating for the company in a research report on Wednesday. Susquehanna dropped their target price on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.36.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $96.61 on Friday. The stock has a market capitalization of $60.71 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.95 and a beta of 0.93. The business has a 50-day moving average of $100.46 and a two-hundred day moving average of $105.95. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.27. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate 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, equities 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. Investors of record on Monday, March 10th were issued a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 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.