Tower Research Capital LLC TRC raised its stake in Canadian National Railway Co. (NYSE:CNI) by 1,162.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,417 shares of the company’s stock after buying an additional 4,067 shares during the period. Tower Research Capital LLC TRC’s holdings in Canadian National Railway were worth $261,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Sii Investments Inc. WI boosted its stake in shares of Canadian National Railway by 32.2% in the first quarter. Sii Investments Inc. WI now owns 6,242 shares of the company’s stock valued at $388,000 after buying an additional 1,521 shares during the period. Apex Capital Management boosted its position in shares of Canadian National Railway by 52.9% in the first quarter. Apex Capital Management now owns 15,383 shares of the company’s stock valued at $961,000 after buying an additional 5,325 shares during the last quarter. Aperio Group LLC boosted its position in shares of Canadian National Railway by 4.9% in the first quarter. Aperio Group LLC now owns 232,564 shares of the company’s stock valued at $14,526,000 after buying an additional 10,809 shares during the last quarter. Virginia Retirement System purchased a new position in shares of Canadian National Railway during the first quarter valued at $18,680,000. Finally, IFP Advisors Inc boosted its position in shares of Canadian National Railway by 15.8% in the first quarter. IFP Advisors Inc now owns 7,325 shares of the company’s stock valued at $458,000 after buying an additional 997 shares during the last quarter. 56.06% of the stock is currently owned by institutional investors.

Canadian National Railway Co. (NYSE:CNI) opened at 64.93 on Friday. The firm has a market capitalization of $50.10 billion, a P/E ratio of 18.84 and a beta of 1.12. Canadian National Railway Co. has a one year low of $46.23 and a one year high of $66.22. The company has a 50-day moving average price of $63.77 and a 200-day moving average price of $61.54.

Canadian National Railway (NYSE:CNI) last released its quarterly earnings data on Monday, July 25th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3 billion. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.15 EPS. On average, equities research analysts anticipate that Canadian National Railway Co. will post $3.42 EPS for the current year.

The business also recently announced a dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be issued a dividend of $0.288 per share. The ex-dividend date of this dividend is Wednesday, September 7th. Canadian National Railway’s payout ratio is currently 33.72%.

Several research analysts have recently weighed in on CNI shares. Citigroup Inc. reissued a “neutral” rating and set a $62.00 price target on shares of Canadian National Railway in a research report on Saturday, June 18th. Argus started coverage on shares of Canadian National Railway in a research report on Tuesday, June 21st. They set a “buy” rating and a $73.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and set a $85.00 price target on shares of Canadian National Railway in a research report on Thursday, July 7th. Cowen and Company boosted their price target on shares of Canadian National Railway from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, July 26th. Finally, Raymond James Financial Inc. raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.99.

Canadian National Railway Company Profile

Canadian National Railway Co is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

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