Quantinno Capital Management LP Has $1.46 Million Stake in Canadian National Railway (NYSE:CNI)

Quantinno Capital Management LP decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 42.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,392 shares of the transportation company’s stock after selling 10,594 shares during the period. Quantinno Capital Management LP’s holdings in Canadian National Railway were worth $1,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Numerai GP LLC boosted its stake in Canadian National Railway by 67.9% in the 4th quarter. Numerai GP LLC now owns 15,717 shares of the transportation company’s stock worth $1,595,000 after purchasing an additional 6,358 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Canadian National Railway in the 4th quarter worth approximately $11,653,000. Minot DeBlois Advisors LLC acquired a new position in Canadian National Railway in the 4th quarter worth approximately $521,000. Moore Capital Management LP acquired a new position in Canadian National Railway in the 4th quarter worth approximately $5,582,000. Finally, Logan Capital Management Inc. acquired a new position in Canadian National Railway in the 4th quarter worth approximately $1,784,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.1%

Canadian National Railway stock opened at $106.17 on Friday. The company has a market capitalization of $66.73 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.95 and a beta of 0.97. The firm’s fifty day simple moving average is $99.56 and its 200-day simple moving average is $102.51. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $128.19.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the business posted $1.72 EPS. Canadian National Railway’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays decreased their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Stephens increased their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Evercore ISI cut their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus cut their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.52.

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.