Numerai GP LLC Has $1.60 Million Stake in Canadian National Railway (NYSE:CNI)

Numerai GP LLC raised its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 67.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,717 shares of the transportation company's stock after acquiring an additional 6,358 shares during the period. Numerai GP LLC's holdings in Canadian National Railway were worth $1,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sustainable Insight Capital Management LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $436,000. CIBC Asset Management Inc increased its position in Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after buying an additional 571,967 shares during the period. Blue Trust Inc. increased its stake in Canadian National Railway by 26.5% in the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock valued at $167,000 after acquiring an additional 345 shares during the period. Principal Financial Group Inc. lifted its position in shares of Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after purchasing an additional 21,100 shares in the last quarter. Finally, Addenda Capital Inc. raised its holdings in Canadian National Railway by 1.5% in the fourth quarter. Addenda Capital Inc. now owns 455,201 shares of the transportation company's stock worth $46,207,000 after purchasing an additional 6,647 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of CNI stock traded down $0.31 during trading hours on Monday, hitting $107.77. The company's stock had a trading volume of 249,907 shares, compared to its average volume of 1,308,095. The stock has a market cap of $67.73 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.95 and a beta of 0.97. 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 business has a fifty day moving average of $98.79 and a 200-day moving average of $102.47. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18.

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

Analysts Set New Price Targets

CNI has been the subject of several analyst reports. Barclays dropped their target price on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Evercore ISI reduced 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. 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 note on Tuesday, May 6th. Royal Bank of Canada decreased their target price on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Raymond James downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway 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.