Renaissance Technologies LLC Purchases 157,900 Shares of Canadian National Railway Company $CNI

Posted by Francis Steltz on Jul 28th, 2026

Renaissance Technologies LLC raised its position in Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) by 52.2% during the first quarter, Holdings Channel.com reports. The fund owned 460,500 shares of the transportation company’s stock after purchasing an additional 157,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Canadian National Railway were worth $47,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC grew its stake in shares of Canadian National Railway by 639,137.0% in the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after purchasing an additional 8,954,310 shares during the last quarter. Norges Bank purchased a new position in Canadian National Railway during the 4th quarter valued at about $570,161,000. FIL Ltd raised its position in Canadian National Railway by 49.5% during the 4th quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after purchasing an additional 5,210,403 shares during the last quarter. AQR Capital Management LLC raised its position in Canadian National Railway by 6,329.2% during the 4th quarter. AQR Capital Management LLC now owns 1,234,030 shares of the transportation company’s stock valued at $122,050,000 after purchasing an additional 1,214,836 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Canadian National Railway by 15.1% in the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock worth $889,462,000 after buying an additional 1,182,106 shares during the period. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent analyst reports. Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Wells Fargo & Company upped their target price on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Susquehanna reaffirmed a “neutral” rating and issued a $140.00 price target (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. Royal Bank Of Canada lifted their price target on shares of Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Monday. Finally, Citigroup boosted their price objective on shares of Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average price target of $137.40.

Check Out Our Latest Stock Report on Canadian National Railway

Canadian National Railway Price Performance

CNI opened at $128.90 on Tuesday. The stock has a fifty day simple moving average of $120.48 and a two-hundred day simple moving average of $110.92. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The company has a market cap of $78.12 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 2.47 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $131.55.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.33% and a net margin of 26.92%.The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts predict that Canadian National Railway Company will post 5.67 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be given a dividend of $0.915 per share. This represents a $3.66 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is 48.55%.

Key Stories Impacting Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

Positive Sentiment: Canadian National reported a second-quarter earnings beat, helped by stronger grain and energy volumes that lifted revenue. The company also raised its 2026 outlook, providing a positive signal about freight demand and future earnings potential. Higher fuel costs pressured efficiency, however. Canadian National Q2 Earnings Beat on Grain and Energy Volume Growth
Positive Sentiment: Royal Bank of Canada raised its price target on CNI to $205 from $195 and maintained an “outperform” rating, indicating substantial expected upside based on its assessment of the railroad’s earnings and operating outlook. Royal Bank of Canada analyst update
Positive Sentiment: Wells Fargo increased its price target to $145 from $135 and kept an “overweight” rating, reflecting growing confidence in CNI’s business prospects. Wells Fargo analyst update
Neutral Sentiment: Barclays raised its target to $130 from $109 but retained an “equal weight” rating. The revised target offers limited upside, suggesting the firm sees the shares as broadly fairly valued. Barclays analyst update
Neutral Sentiment: Analysts collectively assign Canadian National Railway an average “Moderate Buy” rating, indicating constructive but not universally bullish sentiment. Canadian National Railway Receives Moderate Buy Rating
Negative Sentiment: Higher fuel costs are weighing on efficiency, while the shares’ strong recent run and premium valuation may be encouraging some investors to take profits even after the earnings beat.

Canadian National Railway Profile

(Free Report)

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.