Canadian National Railway (NYSE:CNI) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 27.3% during the fourth quarter, HoldingsChannel reports. The fund owned 1,099,524 shares of the transportation company’s stock after selling 412,195 shares during the quarter. Canadian National Railway comprises 0.7% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings, making the stock its 26th biggest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Canadian National Railway were worth $111,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway during the fourth quarter worth $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CNI. Barclays reduced their price target on Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group decreased their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Bank of America increased their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Royal Bank of Canada decreased their price objective on shares of Canadian National Railway from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.52.

Canadian National Railway Price Performance

Shares of CNI opened at $107.40 on Wednesday. The stock’s fifty day moving average is $99.23 and its 200-day moving average is $102.50. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a one year low of $91.65 and a one year high of $128.19.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. Equities analysts anticipate that Canadian National Railway will post 5.52 EPS 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.