TCI Fund Management Ltd. Has $3.01 Billion Holdings in Canadian National Railway (NYSE:CNI)

TCI Fund Management Ltd. reduced its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,693,764 shares of the transportation company’s stock after selling 5,743,513 shares during the quarter. Canadian National Railway comprises about 7.1% of TCI Fund Management Ltd.’s holdings, making the stock its 8th biggest holding. TCI Fund Management Ltd. owned 4.72% of Canadian National Railway worth $3,013,663,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Tema Etfs LLC bought a new stake in Canadian National Railway during the fourth quarter valued at approximately $373,000. Safe Harbor Fiduciary LLC lifted its position in Canadian National Railway by 4.2% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 3,766 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 153 shares during the last quarter. Shay Capital LLC bought a new stake in Canadian National Railway during the fourth quarter valued at approximately $695,000. Shell Asset Management Co. lifted its position in Canadian National Railway by 0.5% during the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock valued at $2,171,000 after purchasing an additional 100 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in Canadian National Railway by 46.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 121,082 shares of the transportation company’s stock valued at $12,291,000 after purchasing an additional 38,366 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNI has been the topic of several research reports. Citigroup decreased their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Stephens lifted their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Stifel Nicolaus decreased their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada decreased their price target on shares of Canadian National Railway from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Bank of America lifted their price target 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 research analysts have rated the stock with a sell rating, seven have assigned 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 has a consensus rating of “Moderate Buy” and a consensus price target of $119.52.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $108.08 on Friday. The firm 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 stock has a fifty day moving average of $98.79 and a 200 day moving average of $102.51. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm 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 company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.72 EPS. As a group, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

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.