Trexquant Investment LP Has $6.57 Million Stock Position in Canadian National Railway (NYSE:CNI)

Trexquant Investment LP raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 177.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,689 shares of the transportation company’s stock after buying an additional 41,407 shares during the quarter. Trexquant Investment LP’s holdings in Canadian National Railway were worth $6,567,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CNI. Norges Bank acquired a new position in Canadian National Railway during the 4th quarter valued at $563,048,000. National Bank of Canada FI raised its position in shares of Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after buying an additional 2,137,948 shares during the last quarter. Canoe Financial LP bought a new stake in shares of Canadian National Railway in the fourth quarter valued at about $216,943,000. Arrowstreet Capital Limited Partnership grew its position in Canadian National Railway by 29.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company’s stock worth $488,488,000 after buying an additional 1,102,977 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after acquiring an additional 790,420 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $96.61 on Friday. The business has a fifty day moving average of $100.46 and a 200-day moving average of $105.95. 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 has a twelve month low of $93.64 and a twelve month high of $132.27. The firm has a market cap of $60.71 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities research analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.55%. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Susquehanna reduced their price objective on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company dropped their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Barclays decreased their target price on shares of Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Wednesday. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.36.

Canadian National Railway Company 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.