Arrowstreet Capital Limited Partnership Has $488.49 Million Stake in Canadian National Railway (NYSE:CNI)

Arrowstreet Capital Limited Partnership grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 29.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,814,469 shares of the transportation company’s stock after purchasing an additional 1,102,977 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.77% of Canadian National Railway worth $488,488,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 80.2% during the fourth 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 purchasing an additional 108 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 2.4 %

Shares of NYSE CNI opened at $97.39 on Friday. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $132.27. The company has a 50-day moving average of $101.07 and a two-hundred day moving average of $106.58. The company has a market cap of $61.20 billion, a PE ratio of 19.02, a P/E/G ratio of 1.95 and a beta of 0.91. 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 (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. As a group, equities analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CNI. Barclays lowered their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, January 10th. Bank of America dropped 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. Stifel Nicolaus boosted their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada dropped their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of $124.02.

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.