Canadian National Railway Company $CNI Holdings Lifted by Two Sigma Securities LLC

Key Points

• Two Sigma Securities increased its Canadian National Railway stake by 179.9% in the second quarter, bringing its holdings to 14,684 shares valued at approximately $1.75 million. Institutional investors collectively own 80.74% of the company.
• Analyst sentiment is positive, with nine Buy ratings and eight Holds resulting in a consensus “Moderate Buy” rating and an average price target of $137.40.
• Canadian National Railway exceeded quarterly earnings and revenue expectations, reporting $1.50 in EPS and $3.35 billion in revenue. The company also announced a quarterly dividend of $0.915 per share, representing a 2.9% annualized yield.

Two Sigma Securities LLC grew its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 179.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,684 shares of the transportation company's stock after buying an additional 9,438 shares during the period. Two Sigma Securities LLC's holdings in Canadian National Railway were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in Canadian National Railway during the 1st quarter worth $311,000. Focus Partners Wealth grew its stake in shares of Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company's stock worth $1,122,000 after purchasing an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Canadian National Railway during the second quarter valued at $202,000. EverSource Wealth Advisors LLC increased its holdings in shares of Canadian National Railway by 52.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company's stock valued at $116,000 after purchasing an additional 383 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Canadian National Railway by 2.9% during the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company's stock valued at $1,778,000 after purchasing an additional 474 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CNI shares. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the company an "outperformer" rating in a research report on Thursday, June 25th. Benchmark restated a "hold" rating on shares of Canadian National Railway in a research report on Monday, July 27th. Evercore raised shares of Canadian National Railway from an "in-line" rating to an "outperform" rating and set a $124.00 price target for the company in a research note on Thursday, June 25th. Barclays raised their price objective on shares of Canadian National Railway from $109.00 to $130.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. Finally, Wells Fargo & Company boosted their target price on Canadian National Railway from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $137.40.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $125.89 on Monday. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $131.55. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99. The stock has a market cap of $76.18 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. The company's 50-day moving average price is $125.18 and its two-hundred day moving average price is $115.68.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.87 EPS. As a group, sell-side analysts anticipate that Canadian National Railway Company will post 5.81 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is presently 47.34%.

Canadian National Railway Profile

Canadian National Railway Company NYSE: CNI is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN's core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

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