Linden Thomas Advisory Services LLC Boosts Holdings in Canadian National Railway Company $CNI

Linden Thomas Advisory Services LLC increased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 50.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,539 shares of the transportation company’s stock after purchasing an additional 1,857 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Canadian National Railway were worth $576,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Curio Wealth LLC lifted its holdings in Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares in the last quarter. Northstar Asset Management Inc. lifted its holdings in Canadian National Railway by 0.9% in the 2nd quarter. Northstar Asset Management Inc. now owns 97,286 shares of the transportation company’s stock worth $10,122,000 after purchasing an additional 911 shares in the last quarter. Cardinal Point Capital Management ULC increased its stake in Canadian National Railway by 2.5% in 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 last quarter. Carnegie Investment Counsel raised its holdings in shares of Canadian National Railway by 6.2% during the 2nd quarter. Carnegie Investment Counsel now owns 3,486 shares of the transportation company’s stock worth $363,000 after acquiring an additional 203 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of Canadian National Railway during the 2nd quarter worth approximately $218,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on CNI shares. Evercore ISI cut Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective on the stock. in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Zacks Research cut Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Finally, Raymond James Financial raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average price target of $113.90.

Canadian National Railway Stock Performance

NYSE CNI opened at $94.79 on Tuesday. The business’s 50 day moving average price is $95.04 and its 200-day moving average price is $98.84. The company has a market cap of $58.65 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $114.13.

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.