Quantinno Capital Management LP Purchases 22,312 Shares of Canadian National Railway Company $CNI

Quantinno Capital Management LP boosted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 33.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,902 shares of the transportation company’s stock after buying an additional 22,312 shares during the quarter. Quantinno Capital Management LP’s holdings in Canadian National Railway were worth $9,239,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Polar Asset Management Partners Inc. boosted its holdings in Canadian National Railway by 193.4% during the first quarter. Polar Asset Management Partners Inc. now owns 205,400 shares of the transportation company’s stock valued at $21,107,000 after acquiring an additional 135,400 shares during the period. Lazard Asset Management LLC increased its stake in shares of Canadian National Railway by 2.0% in the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock worth $934,488,000 after purchasing an additional 173,894 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Canadian National Railway in the first quarter worth about $59,507,000. Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Canadian National Railway during the 1st quarter worth about $1,137,000. Finally, Cumberland Partners Ltd lifted its position in shares of Canadian National Railway by 132.9% during the 1st quarter. Cumberland Partners Ltd now owns 32,950 shares of the transportation company’s stock worth $3,381,000 after purchasing an additional 18,800 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

NYSE:CNI opened at $127.22 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87. The company has a 50-day moving average of $122.07 and a 200-day moving average of $112.17. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $131.55. The company has a market capitalization of $77.10 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 2.35 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Canadian National Railway Company will post 5.78 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s payout ratio is presently 47.34%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CNI. Citizens Jmp assumed coverage on Canadian National Railway in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Barclays raised their price objective on shares of Canadian National Railway from $109.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Finally, Stephens raised shares of Canadian National Railway to a “hold” rating in a report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $137.40.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.