Canadian National Railway (NYSE:CNI) Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. grew its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,387 shares of the transportation company’s stock after acquiring an additional 100 shares during the quarter. Shell Asset Management Co.’s holdings in Canadian National Railway were worth $2,171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Sustainable Insight Capital Management LLC purchased a new position in Canadian National Railway in the 4th quarter valued at $436,000. CIBC Asset Management Inc raised its position in shares of Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock valued at $519,843,000 after buying an additional 571,967 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Canadian National Railway by 26.5% in the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company’s stock worth $167,000 after buying an additional 345 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after buying an additional 21,100 shares in the last quarter. Finally, Addenda Capital Inc. boosted its position in Canadian National Railway by 1.5% during the fourth quarter. Addenda Capital Inc. now owns 455,201 shares of the transportation company’s stock worth $46,207,000 after acquiring an additional 6,647 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on CNI shares. Raymond James downgraded shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Stephens increased their price target on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Evercore ISI reduced their price target on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reduced their target price on Canadian National Railway from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Two equities research 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 company. Based on data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $119.52.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $108.08 on Friday. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The firm has a 50 day moving average of $98.79 and a two-hundred day moving average of $102.56. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $67.93 billion, a PE ratio of 21.11, a P/E/G ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter last year, the company earned $1.72 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, research analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal 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.