Banque de Luxembourg S.A. Takes $2.76 Million Position in Canadian National Railway (NYSE:CNI)

Banque de Luxembourg S.A. acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,155 shares of the transportation company’s stock, valued at approximately $2,757,000. Canadian National Railway accounts for approximately 1.5% of Banque de Luxembourg S.A.’s portfolio, making the stock its 19th largest position.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its stake in shares of Canadian National Railway by 115.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company’s stock worth $513,000 after acquiring an additional 2,346 shares in the last quarter. Synovus Financial Corp boosted its position in Canadian National Railway by 82.3% during the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company’s stock worth $1,625,000 after purchasing an additional 6,261 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock valued at $10,820,000 after purchasing an additional 21,100 shares during the last quarter. Canandaigua National Trust Co of Florida raised its stake in shares of Canadian National Railway by 61.9% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 3,570 shares of the transportation company’s stock worth $362,000 after buying an additional 1,365 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in shares of Canadian National Railway by 133.8% in the 4th quarter. Fortitude Family Office LLC now owns 608 shares of the transportation company’s stock worth $62,000 after buying an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the subject of a number of research reports. Citigroup cut their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a report on Friday. Finally, Stephens increased their price objective on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average price target of $118.69.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $101.41 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $63.74 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18. The firm has a 50 day moving average price of $98.04 and a 200 day moving average price of $103.11.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS. Sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway 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.