ExodusPoint Capital Management LP Increases Position in Canadian National Railway (NYSE:CNI)

ExodusPoint Capital Management LP grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 966.0% in the 4th quarter, HoldingsChannel reports. The firm owned 86,700 shares of the transportation company’s stock after purchasing an additional 78,567 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Canadian National Railway were worth $8,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Crestwood Advisors Group LLC raised its position in Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after purchasing an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Canadian National Railway by 1.2% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after buying an additional 139 shares during the period. Addison Advisors LLC grew its stake 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 purchasing an additional 142 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in Canadian National Railway by 5.0% in the 4th quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock valued at $335,000 after buying an additional 156 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 opened at $96.61 on Friday. The firm has a market cap of $60.71 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The stock’s 50-day moving average is $100.46 and its two-hundred day moving average is $105.95. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.27. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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, analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 2.55%. Canadian National Railway’s payout ratio is presently 47.66%.

Wall Street Analyst Weigh In

CNI has been the subject of a number of recent analyst reports. Bank of America reduced their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, January 10th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus increased their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of $123.36.

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.