Vident Advisory LLC Has $8.86 Million Stake in Canadian National Railway (NYSE:CNI)

Vident Advisory LLC boosted its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 4,367.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,288 shares of the transportation company's stock after purchasing an additional 85,334 shares during the period. Vident Advisory LLC's holdings in Canadian National Railway were worth $8,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wexford Capital LP acquired a new stake in Canadian National Railway in the fourth quarter valued at $2,765,000. Squarepoint Ops LLC increased its holdings in Canadian National Railway by 320.8% in the fourth quarter. Squarepoint Ops LLC now owns 24,492 shares of the transportation company's stock valued at $2,486,000 after purchasing an additional 18,671 shares during the period. Two Sigma Advisers LP increased its holdings in Canadian National Railway by 21.6% in the fourth quarter. Two Sigma Advisers LP now owns 209,372 shares of the transportation company's stock valued at $21,253,000 after purchasing an additional 37,200 shares during the period. Two Sigma Investments LP increased its holdings in Canadian National Railway by 46.7% in the fourth quarter. Two Sigma Investments LP now owns 610,092 shares of the transportation company's stock valued at $61,930,000 after purchasing an additional 194,107 shares during the period. Finally, Tema Etfs LLC acquired a new stake in Canadian National Railway during the 4th quarter worth about $373,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on CNI shares. Stephens increased their price target on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Raymond James downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Citigroup decreased their price target on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Bank of America increased their price target on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday. Two equities 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $107.48 on Tuesday. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $129.18. The stock has a market cap of $67.55 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The firm's 50-day simple moving average is $99.00 and its 200 day simple moving average is $102.47.

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

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