Polar Asset Management Partners Inc. Buys 17,500 Shares of Canadian National Railway (NYSE:CNI)

Polar Asset Management Partners Inc. raised its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 233.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the transportation company's stock after purchasing an additional 17,500 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Canadian National Railway were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cypress Asset Management Inc. TX acquired a new position in shares of Canadian National Railway in the 4th quarter worth approximately $875,000. Vermillion Wealth Management Inc. bought a new position in Canadian National Railway in the 4th quarter valued at $102,000. Public Employees Retirement System of Ohio boosted its position in Canadian National Railway by 8.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 370,310 shares of the transportation company's stock valued at $37,590,000 after buying an additional 28,904 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Canadian National Railway by 51.9% in the 4th quarter. Burgundy Asset Management Ltd. now owns 719,988 shares of the transportation company's stock valued at $73,040,000 after buying an additional 246,151 shares during the last quarter. Finally, Vise Technologies Inc. boosted its position in Canadian National Railway by 9.5% in the 4th quarter. Vise Technologies Inc. now owns 5,390 shares of the transportation company's stock valued at $547,000 after buying an additional 468 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent research reports. Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Bank of America increased their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Jefferies Financial Group cut their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Raymond James downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Stock Up 0.0%

CNI stock traded up $0.01 during trading hours on Friday, reaching $104.99. 1,187,327 shares of the stock were exchanged, compared to its average volume of 1,323,314. The firm's 50-day moving average is $100.43 and its 200-day moving average is $102.19. The company has a market cap of $65.99 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.95 and a beta of 0.97. 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 has a 12 month low of $91.65 and a 12 month high of $127.89.

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

About Canadian National Railway

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.