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

Two Sigma Advisers LP increased its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 21.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 209,372 shares of the transportation company's stock after purchasing an additional 37,200 shares during the quarter. Two Sigma Advisers LP's holdings in Canadian National Railway were worth $21,253,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CNI. Norges Bank acquired a new stake in Canadian National Railway during the 4th quarter worth approximately $563,048,000. Royal Bank of Canada increased its position in Canadian National Railway by 7.5% during the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Canadian National Railway by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock valued at $557,278,000 after acquiring an additional 1,380,554 shares in the last quarter. Capital International Investors grew its position 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Canadian National Railway by 29.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock valued at $488,488,000 after acquiring an additional 1,102,977 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNI. Stifel Nicolaus lowered their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stephens increased their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Susquehanna raised shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a research report on Tuesday, May 6th. Three 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 given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Stock Performance

CNI traded down $1.14 during trading hours on Friday, hitting $105.08. 1,221,493 shares of the stock were exchanged, compared to its average volume of 1,313,250. The stock has a 50-day simple moving average of $99.71 and a 200-day simple moving average of $102.49. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $127.89. The stock has a market cap of $66.04 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth 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 (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.38 billion. During the same period last year, the business posted $1.72 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current 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.