ExodusPoint Capital Management LP Has $8.80 Million Holdings in Canadian National Railway (NYSE:CNI)

ExodusPoint Capital Management LP raised its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 966.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,700 shares of the transportation company’s stock after acquiring 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.

A number of other hedge funds also recently made changes to their positions in the stock. Townsquare Capital LLC bought a new stake in Canadian National Railway during the 3rd quarter worth approximately $240,000. Captrust Financial Advisors grew its stake in shares of Canadian National Railway by 3.6% in the third quarter. Captrust Financial Advisors now owns 18,935 shares of the transportation company’s stock worth $2,218,000 after purchasing an additional 659 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in Canadian National Railway in the third quarter valued at $478,000. Hilltop Holdings Inc. raised its position in Canadian National Railway by 27.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 2,903 shares of the transportation company’s stock worth $340,000 after purchasing an additional 620 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Canadian National Railway by 98.8% during the 3rd quarter. Janus Henderson Group PLC now owns 130,323 shares of the transportation company’s stock worth $15,231,000 after buying an additional 64,783 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNI. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Bank of America lowered their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Susquehanna dropped their price objective on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.36.

Canadian National Railway Price Performance

NYSE CNI opened at $96.61 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $60.71 billion, a PE ratio of 18.87, a P/E/G ratio of 1.95 and a beta of 0.93. The firm’s 50 day moving average price is $100.46 and its 200-day moving average price is $105.95. Canadian National Railway has a 52-week low of $93.64 and a 52-week high of $132.27.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.55%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 47.66%.

Canadian National Railway Company 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.