6,850 Shares in Canadian National Railway (NYSE:CNI) Acquired by Shay Capital LLC

Shay Capital LLC purchased a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,850 shares of the transportation company’s stock, valued at approximately $695,000.

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

Canadian National Railway Stock Up 1.6%

Shares of NYSE CNI opened at $108.15 on Friday. The company has a market cap of $67.97 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.95 and a beta of 0.97. 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 50-day moving average price of $98.53 and a two-hundred day moving average price of $102.58. 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 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 firm had revenue of $3.06 billion for 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 company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 EPS. As a group, analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CNI. Evercore ISI reduced their price target on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Raymond James downgraded shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Citigroup lowered 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 report on Tuesday, April 8th. Royal Bank of Canada cut 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. Finally, Stephens raised their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.27.

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.