Quantbot Technologies LP Has $6.73 Million Stock Position in Canadian National Railway (NYSE:CNI)

Quantbot Technologies LP boosted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 25.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 57,484 shares of the transportation company’s stock after buying an additional 11,483 shares during the quarter. Quantbot Technologies LP’s holdings in Canadian National Railway were worth $6,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in Canadian National Railway by 14.0% in the 1st quarter. Advisors Asset Management Inc. now owns 8,174 shares of the transportation company’s stock valued at $1,077,000 after acquiring an additional 1,002 shares in the last quarter. Ascent Group LLC boosted its holdings in shares of Canadian National Railway by 5.1% in the 1st quarter. Ascent Group LLC now owns 2,495 shares of the transportation company’s stock worth $329,000 after acquiring an additional 122 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Canadian National Railway by 2.0% during the first quarter. Janus Henderson Group PLC now owns 82,561 shares of the transportation company’s stock worth $10,874,000 after purchasing an additional 1,606 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in Canadian National Railway during the 1st quarter worth about $375,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Canadian National Railway by 2.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after purchasing an additional 100 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CNI. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Barclays upped their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a report on Monday, October 7th. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating and cut their price target for the company from $129.00 to $122.00 in a report on Friday, October 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.48.

Canadian National Railway Trading Up 0.4 %

Shares of Canadian National Railway stock opened at $111.74 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The business has a fifty day simple moving average of $112.96 and a two-hundred day simple moving average of $117.00. Canadian National Railway has a 1 year low of $105.28 and a 1 year high of $134.02. The company has a market capitalization of $70.37 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 2.51 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Research analysts forecast that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.19%. Canadian National Railway’s dividend payout ratio (DPR) is presently 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.