Canadian National Railway Company $CNI Shares Acquired by QV Investors Inc.

QV Investors Inc. lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 16.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 590,955 shares of the transportation company’s stock after purchasing an additional 85,350 shares during the period. Canadian National Railway accounts for 6.0% of QV Investors Inc.’s portfolio, making the stock its 3rd largest position. QV Investors Inc.’s holdings in Canadian National Railway were worth $61,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in Canadian National Railway during the 2nd quarter worth $236,000. Linden Thomas Advisory Services LLC grew its holdings in Canadian National Railway by 50.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 5,539 shares of the transportation company’s stock worth $576,000 after acquiring an additional 1,857 shares during the period. Curio Wealth LLC grew its holdings in Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after acquiring an additional 316 shares during the period. Northstar Asset Management Inc. grew its holdings in Canadian National Railway by 0.9% during the 2nd quarter. Northstar Asset Management Inc. now owns 97,286 shares of the transportation company’s stock worth $10,122,000 after acquiring an additional 911 shares during the period. Finally, Cardinal Point Capital Management ULC grew its holdings in Canadian National Railway by 2.5% during the 2nd quarter. Cardinal Point Capital Management ULC now owns 96,569 shares of the transportation company’s stock worth $10,043,000 after acquiring an additional 2,350 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a report on Friday. Susquehanna lowered their target price on shares of Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. National Bank Financial lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI lowered shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 target price for the company. in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.90.

Canadian National Railway Trading Down 0.7%

Shares of NYSE CNI opened at $95.30 on Friday. The company’s fifty day moving average is $95.00 and its 200-day moving average is $98.87. The stock has a market cap of $58.96 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 2.16 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $91.07 and a twelve month high of $114.13. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

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.