WINTON GROUP Ltd bought a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the second quarter, HoldingsChannel.com reports. The fund bought 82,118 shares of the transportation company’s stock, valued at approximately $6,713,000.

Several other hedge funds also recently bought and sold shares of CNI. Ontario Teachers Pension Plan Board grew its stake in Canadian National Railway by 259.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 238,557 shares of the transportation company’s stock valued at $19,513,000 after purchasing an additional 172,221 shares in the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in Canadian National Railway during the 2nd quarter valued at approximately $213,000. Cumberland Partners Ltd acquired a new stake in Canadian National Railway during the 2nd quarter valued at approximately $1,283,000. Bridgewater Associates LP grew its stake in Canadian National Railway by 271.9% during the 2nd quarter. Bridgewater Associates LP now owns 301,682 shares of the transportation company’s stock valued at $24,661,000 after purchasing an additional 220,570 shares in the last quarter. Finally, Willingdon Wealth Management grew its stake in Canadian National Railway by 6.0% during the 2nd quarter. Willingdon Wealth Management now owns 38,268 shares of the transportation company’s stock valued at $3,128,000 after purchasing an additional 2,165 shares in the last quarter. Institutional investors and hedge funds own 54.00% of the company’s stock.

CNI has been the subject of a number of recent analyst reports. Deutsche Bank upgraded Canadian National Railway from a “hold” rating to a “buy” rating and raised their price objective for the company from $81.00 to $95.00 in a research note on Monday, July 9th. BMO Capital Markets lowered Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Loop Capital restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 25th. Credit Suisse Group raised their price objective on Canadian National Railway from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, August 7th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $89.80.

Shares of CNI opened at $88.68 on Friday. The company has a market capitalization of $64.97 billion, a PE ratio of 22.45, a PEG ratio of 2.28 and a beta of 1.05. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.54. Canadian National Railway has a 52 week low of $70.59 and a 52 week high of $90.57.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 24th. The transportation company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.05 by $0.46. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.57 billion. Canadian National Railway had a return on equity of 22.90% and a net margin of 42.08%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 EPS. equities analysts expect that Canadian National Railway will post 4.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a $0.3429 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.37 annualized dividend and a dividend yield of 1.55%. Canadian National Railway’s payout ratio is 35.94%.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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