Dimensional Fund Advisors LP Acquires 31,752 Shares of Canadian National Railway (NYSE:CNI)

Dimensional Fund Advisors LP grew its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,211,222 shares of the transportation company's stock after buying an additional 31,752 shares during the quarter. Dimensional Fund Advisors LP owned 0.19% of Canadian National Railway worth $122,948,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway in the 4th quarter worth $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada lowered their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Citigroup decreased their price objective on 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $119.94.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up $4.37 during mid-day trading on Friday, hitting $99.99. 1,540,636 shares of the company's stock traded hands, compared to its average volume of 1,459,865. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $98.02 and a two-hundred day simple moving average of $103.29. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $129.18. The stock has a market cap of $62.84 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. Canadian National Railway's revenue was up 3.6% compared to the same quarter last year. On average, research analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

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.