Nuveen Asset Management LLC Sells 46,512 Shares of Canadian National Railway (NYSE:CNI)

Nuveen Asset Management LLC decreased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 733,818 shares of the transportation company’s stock after selling 46,512 shares during the period. Nuveen Asset Management LLC owned about 0.12% of Canadian National Railway worth $74,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the 4th quarter valued at approximately $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway in the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway in the 4th quarter valued at approximately $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.0%

NYSE:CNI opened at $108.08 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $67.93 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.95 and a beta of 0.97. The firm has a fifty day simple moving average of $98.79 and a two-hundred day simple moving average of $102.51. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $129.18.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results 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 analysts’ expectations of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $1.72 earnings per share. Analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CNI has been the subject of several recent research reports. Barclays decreased their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Susquehanna upgraded shares of Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price target for the company in a research report on Tuesday, May 6th. Jefferies Financial Group decreased their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Stifel Nicolaus decreased their price target on shares of 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. Finally, Bank of America lifted their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.52.

About Canadian National Railway

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.