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

Polar Asset Management Partners Inc. boosted its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 233.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the transportation company's stock after buying 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 SEC filing.

Several other large investors have also bought and sold shares of CNI. Shell Asset Management Co. boosted its holdings in Canadian National Railway by 0.5% during the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock worth $2,171,000 after purchasing an additional 100 shares during the last quarter. Voya Investment Management LLC lifted its stake in Canadian National Railway by 1.4% in the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after purchasing an additional 112 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after purchasing an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. increased its position in Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after buying an additional 139 shares during the last quarter. Finally, Addison Advisors LLC increased its position in Canadian National Railway by 80.2% in 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 during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded up $0.08 during trading on Thursday, hitting $104.95. 1,134,035 shares of the stock traded hands, compared to its average volume of 1,316,914. The stock has a market cap of $65.96 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.95 and a beta of 0.97. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $127.89. The firm's fifty day moving average is $100.17 and its 200-day moving average is $102.34.

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

Wall Street Analyst Weigh In

CNI has been the subject of several research reports. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Raymond James downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Royal Bank of Canada lowered their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Wall Street Zen cut Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.52.

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.