Cubist Systematic Strategies LLC boosted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 251.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,468 shares of the transportation company’s stock after purchasing an additional 15,352 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Canadian National Railway were worth $1,741,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CNI. Vanguard Group Inc. boosted its holdings in Canadian National Railway by 15.5% in the second quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock worth $1,361,140,000 after purchasing an additional 2,251,612 shares during the period. William Blair Investment Management LLC boosted its holdings in Canadian National Railway by 34.7% in the second quarter. William Blair Investment Management LLC now owns 4,474,642 shares of the transportation company’s stock worth $362,542,000 after purchasing an additional 1,152,495 shares during the period. TD Asset Management Inc. boosted its holdings in Canadian National Railway by 4.1% in the second quarter. TD Asset Management Inc. now owns 18,836,822 shares of the transportation company’s stock worth $1,526,012,000 after purchasing an additional 740,664 shares during the period. Harding Loevner LP boosted its holdings in Canadian National Railway by 7.4% in the second quarter. Harding Loevner LP now owns 6,159,203 shares of the transportation company’s stock worth $499,203,000 after purchasing an additional 422,533 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Canadian National Railway by 12.2% in the second quarter. Legal & General Group Plc now owns 3,552,995 shares of the transportation company’s stock worth $276,851,000 after purchasing an additional 386,552 shares during the period. 54.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Canadian National Railway Company (NYSE CNI) traded up 0.17% during trading on Wednesday, hitting $80.89. 59,819 shares of the stock traded hands. The firm’s 50-day moving average price is $81.17 and its 200-day moving average price is $78.61. Canadian National Railway Company has a 52 week low of $61.72 and a 52 week high of $84.48. The company has a market cap of $60.75 billion, a price-to-earnings ratio of 19.34 and a beta of 1.13.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a $0.3276 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 1.62%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 7th. Canadian National Railway’s dividend payout ratio is 34.38%.

A number of research firms have commented on CNI. BidaskClub raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, July 11th. Cowen and Company reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Canadian National Railway in a report on Sunday, September 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Canadian National Railway in a report on Friday, October 6th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. Fifteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $82.47.

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Canadian National Railway Company Profile

Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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

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