Two Sigma Securities LLC Has $1.75 Million Stock Holdings in Canadian National Railway Company $CNI

Two Sigma Securities LLC lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 179.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,684 shares of the transportation company’s stock after purchasing an additional 9,438 shares during the quarter. Two Sigma Securities LLC’s holdings in Canadian National Railway were worth $1,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CNI. Pin Oak Investment Advisors Inc. acquired a new stake in Canadian National Railway during the 2nd quarter worth about $27,000. Curio Wealth LLC acquired a new position in shares of Canadian National Railway in the fourth quarter worth about $31,000. MidFirst Bank acquired a new position in shares of Canadian National Railway in the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd increased its position in shares of Canadian National Railway by 378.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after acquiring an additional 280 shares in the last quarter. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Canadian National Railway in the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Canadian National Railway from $109.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research report on Thursday, June 25th. Susquehanna reissued a “neutral” rating and set a $140.00 target price (up from $138.00) on shares of Canadian National Railway in a research note on Tuesday, July 14th. National Bank Financial set a $124.00 target price on shares of Canadian National Railway in a research note on Thursday, June 25th. Finally, Wells Fargo & Company increased their target price on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.40.

Canadian National Railway Trading Down 0.1%

NYSE:CNI opened at $125.89 on Monday. The stock has a market cap of $76.18 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.95. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $131.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. The stock’s 50-day moving average is $125.18 and its two-hundred day moving average is $115.68.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 earnings per share. As a group, equities research analysts forecast that Canadian National Railway Company will post 5.81 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio is currently 47.34%.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.