Numerai GP LLC Grows Holdings in Canadian National Railway (NYSE:CNI)

Numerai GP LLC grew its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 67.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,717 shares of the transportation company’s stock after purchasing an additional 6,358 shares during the period. Numerai GP LLC’s holdings in Canadian National Railway were worth $1,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CNI. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC increased its stake in Canadian National Railway by 80.2% in 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Susquehanna raised shares of Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price target on the stock in a research note on Tuesday, May 6th. Citigroup decreased their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays dropped their price objective on Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.27.

Canadian National Railway Price Performance

CNI stock opened at $105.15 on Wednesday. The stock has a 50-day simple moving average of $98.22 and a 200-day simple moving average of $102.57. The firm has a market cap of $66.09 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data 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. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. On average, equities analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.