XTX Topco Ltd Grows Position in Canadian National Railway (NYSE:CNI)

XTX Topco Ltd boosted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 43.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,552 shares of the transportation company’s stock after acquiring an additional 4,698 shares during the quarter. XTX Topco Ltd’s holdings in Canadian National Railway were worth $1,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. Fortitude Family Office LLC increased its stake in Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the period. ORG Partners LLC purchased a new stake in shares of Canadian National Railway in the second quarter valued at about $34,000. Coastline Trust Co purchased a new stake in shares of Canadian National Railway in the third quarter valued at about $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the third quarter worth about $41,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 2.1 %

Shares of NYSE CNI opened at $106.96 on Friday. The stock has a market capitalization of $67.36 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89. Canadian National Railway has a 52 week low of $105.28 and a 52 week high of $134.02. The firm has a 50-day moving average price of $111.64 and a 200 day moving average price of $116.01. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. Equities research analysts anticipate that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.28%. Canadian National Railway’s dividend payout ratio is presently 39.26%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a report on Monday, October 7th. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. The Goldman Sachs Group lowered their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Finally, Susquehanna cut their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average target price of $125.86.

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.