Two Sigma Investments LP cut its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 59.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,829 shares of the transportation company’s stock after selling 225,840 shares during the quarter. Two Sigma Investments LP’s holdings in Canadian National Railway were worth $12,881,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in CNI. Delpha Capital Management LLC purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $143,000. Goodman Financial Corp purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $165,000. Sowell Financial Services LLC purchased a new position in shares of Canadian National Railway in the third quarter valued at $200,000. Security National Bank of SO Dak purchased a new position in shares of Canadian National Railway in the third quarter valued at $203,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $205,000. Institutional investors own 55.36% of the company’s stock.
Canadian National Railway (NYSE:CNI) opened at $73.56 on Friday. Canadian National Railway has a 52-week low of $71.02 and a 52-week high of $85.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 0.55. The company has a market capitalization of $54,485.89, a PE ratio of 13.04, a P/E/G ratio of 1.92 and a beta of 1.00.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.04). Canadian National Railway had a return on equity of 24.62% and a net margin of 42.25%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.61 billion. equities research analysts predict that Canadian National Railway will post 4.1 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.3665 per share. The ex-dividend date is Wednesday, March 7th. This represents a $1.47 annualized dividend and a yield of 1.99%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s payout ratio is 25.00%.
Several equities analysts have recently weighed in on CNI shares. Deutsche Bank reduced their price target on Canadian National Railway from $74.00 to $69.00 and set a “sell” rating for the company in a research report on Friday, February 16th. Macquarie upgraded Canadian National Railway from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 24th. Argus cut Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Zacks Investment Research upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Cowen restated an “outperform” rating and set a $86.00 target price (down from $90.00) on shares of Canadian National Railway in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $82.57.
TRADEMARK VIOLATION NOTICE: “Two Sigma Investments LP Sells 225,840 Shares of Canadian National Railway (CNI)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://ledgergazette.com/2018/03/18/two-sigma-investments-lp-sells-225840-shares-of-canadian-national-railway-cni.html.
Canadian National Railway Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway (NYSE:CNI) (TSE:CNR).
Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter.