Quantbot Technologies LP Decreases Position in Canadian National Railway Company $CNI

Key Points

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Quantbot Technologies LP decreased its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 34.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,041 shares of the transportation company's stock after selling 23,886 shares during the quarter. Quantbot Technologies LP's holdings in Canadian National Railway were worth $4,390,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dagco Inc. purchased a new stake in Canadian National Railway during the first quarter worth approximately $32,000. Bruce G. Allen Investments LLC lifted its stake in Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after purchasing an additional 106 shares during the last quarter. CX Institutional purchased a new stake in Canadian National Railway in the first quarter valued at approximately $39,000. Brooklyn Investment Group lifted its stake in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after buying an additional 333 shares during the last quarter. Finally, Dunhill Financial LLC lifted its stake in Canadian National Railway by 1,020.0% in the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after buying an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CNI. Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 17th. Bank of America boosted their price objective 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. Susquehanna reduced their price objective on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. Finally, Evercore ISI cut Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price objective for the company. in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Trading Down 0.2%

NYSE:CNI opened at $93.13 on Tuesday. The stock's 50 day simple moving average is $99.89 and its 200-day simple moving average is $100.39. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12. The firm has a market cap of $58.14 billion, a P/E ratio of 17.91, a PEG ratio of 2.08 and a beta of 0.94. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the company earned $1.84 EPS. The company's revenue was down 1.3% on a year-over-year basis. Equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a dividend of $0.6507 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway's dividend payout ratio is currently 49.81%.

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.

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