Canadian National Railway (NYSE:CNI) Shares Acquired by Numerai GP LLC

Numerai GP LLC boosted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 67.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,717 shares of the transportation company’s stock after buying 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 SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Canadian National Railway during the 4th quarter valued at approximately $11,653,000. Minot DeBlois Advisors LLC bought a new stake in shares of Canadian National Railway during the 4th quarter valued at about $521,000. Moore Capital Management LP acquired a new stake in Canadian National Railway during the fourth quarter worth about $5,582,000. Logan Capital Management Inc. bought a new position in Canadian National Railway in the fourth quarter worth about $1,784,000. Finally, Lighthouse Investment Partners LLC bought a new position in Canadian National Railway in the fourth quarter worth about $508,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CNI has been the subject of a number of analyst reports. Barclays reduced their price objective on 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. Stephens lifted their price objective 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. Royal Bank of Canada dropped their price target on shares of Canadian National Railway from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average price target of $119.27.

Canadian National Railway Trading Up 0.4%

Shares of NYSE:CNI opened at $105.15 on Wednesday. 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 stock has a market capitalization of $66.09 billion, a PE ratio of 20.54, a P/E/G ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18. The firm has a fifty day moving average price of $98.22 and a 200 day moving average price of $102.57.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same period in the previous year, the company earned $1.72 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

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.