Canadian National Railway (NYSE:CNI) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 46.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 610,092 shares of the transportation company's stock after acquiring an additional 194,107 shares during the period. Two Sigma Investments LP owned approximately 0.10% of Canadian National Railway worth $61,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in Canadian National Railway by 7.5% in the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Canadian National Railway by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after purchasing an additional 101,228 shares during the last quarter. Capital International Investors boosted its holdings in Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after acquiring an additional 1,341,133 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Canadian National Railway by 2.7% in the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock valued at $1,194,443,000 after acquiring an additional 309,210 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd raised its position in Canadian National Railway by 4.8% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock valued at $926,573,000 after purchasing an additional 422,078 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays cut their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Jefferies Financial Group dropped their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Evercore ISI lowered their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank of Canada decreased their price target on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Stock Performance

NYSE CNI opened at $107.48 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $67.55 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.95 and a beta of 0.97. The firm's 50 day simple moving average is $99.00 and its 200 day simple moving average is $102.47. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Company 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.

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