Canadian National Railway Company (NYSE:CNI) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its holdings in Canadian National Railway by 24.5%, acquiring an additional 2,892 shares in the first quarter, bringing its total ownership to 14,712 shares valued at approximately $1.43 million.
• Canadian National Railway's dividend was raised to $0.6507 per share, with an annual yield of 2.8%, payable on September 29th.
• The company's recent earnings report showed a miss on EPS estimates, reporting $1.35 vs. the expected $1.37, with revenue down 1.3% year-over-year.

XTX Topco Ltd boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 24.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,712 shares of the transportation company's stock after buying an additional 2,892 shares during the quarter. XTX Topco Ltd's holdings in Canadian National Railway were worth $1,434,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC increased its position in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. CX Institutional purchased a new stake in shares of Canadian National Railway in the 1st quarter valued at approximately $39,000. Dunhill Financial LLC increased its position in shares of Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after purchasing an additional 510 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after purchasing an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Canadian National Railway by 57.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 819 shares of the transportation company's stock valued at $80,000 after buying an additional 300 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Stephens increased their target price 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. Argus raised shares of Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Jefferies Financial Group dropped their target price on shares of 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. Finally, Stifel Nicolaus dropped their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.86 during mid-day trading on Monday, hitting $93.72. The stock had a trading volume of 1,130,493 shares, compared to its average volume of 1,487,964. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $121.12. The firm has a market cap of $58.71 billion, a PE ratio of 18.02, a PEG ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The company's 50-day simple moving average is $102.49 and its 200-day simple moving average is $101.25.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the business posted $1.84 EPS. The firm's revenue was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be paid a $0.6507 dividend. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. Canadian National Railway's dividend payout ratio (DPR) is 50.19%.

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.