Ameriprise Financial Inc. Sells 38,598 Shares of Canadian National Railway (NYSE:CNI)

Ameriprise Financial Inc. trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 509,142 shares of the transportation company’s stock after selling 38,598 shares during the quarter. Ameriprise Financial Inc.’s holdings in Canadian National Railway were worth $51,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Canadian National Railway by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock valued at $2,334,251,000 after purchasing an additional 101,228 shares during the last quarter. Capital International Investors grew its stake in shares of Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company’s stock valued at $1,199,680,000 after buying an additional 1,341,133 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Canadian National Railway by 2.7% in the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock worth $1,194,443,000 after buying an additional 309,210 shares during the period. Fiera Capital Corp lifted its stake in shares of Canadian National Railway by 2.6% during the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock worth $570,550,000 after acquiring an additional 142,070 shares during the last quarter. Finally, Norges Bank purchased a new position in Canadian National Railway during the 4th quarter valued at $563,048,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.9 %

NYSE CNI opened at $100.40 on Friday. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The company has a 50 day moving average price of $98.07 and a 200 day moving average price of $102.65. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market cap of $63.10 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNI. Evercore ISI lowered their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Raymond James downgraded shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Jefferies Financial Group dropped their price objective on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus decreased their target price on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.27.

Canadian National Railway Company 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.