Canadian National Railway (NYSE:CNI) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. increased its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 233.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the transportation company's stock after acquiring an additional 17,500 shares during the period. Polar Asset Management Partners Inc.'s holdings in Canadian National Railway were worth $2,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quintet Private Bank Europe S.A. purchased a new position in shares of Canadian National Railway during the fourth quarter valued at $25,000. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway during the fourth quarter worth $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Canadian National Railway in the 4th quarter valued at $30,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

NYSE:CNI traded down $0.14 during trading hours on Tuesday, hitting $107.40. The company's stock had a trading volume of 885,410 shares, compared to its average volume of 1,310,902. The company has a market capitalization of $67.50 billion, a PE ratio of 20.98, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $128.19. The business's 50-day moving average is $99.00 and its two-hundred day moving average is $102.47. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company posted $1.72 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CNI shares. Jefferies Financial Group lowered their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI cut their price objective on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Stephens lifted their price target 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.52.

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.