Allianz Asset Management GmbH Decreases Stock Position in Canadian National Railway Company $CNI

Allianz Asset Management GmbH cut its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 17.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 25,330 shares of the transportation company’s stock after selling 5,274 shares during the quarter. Allianz Asset Management GmbH’s holdings in Canadian National Railway were worth $2,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Founders Capital Management LLC acquired a new stake in shares of Canadian National Railway during the 2nd quarter worth about $3,335,000. Goldman Sachs Group Inc. boosted its stake in shares of Canadian National Railway by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after purchasing an additional 755,518 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Canadian National Railway by 2.3% during the 2nd quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock worth $1,255,385,000 after purchasing an additional 273,974 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after purchasing an additional 171 shares during the last quarter. Finally, Cardinal Capital Management Inc. boosted its stake in shares of Canadian National Railway by 3.1% during the 2nd quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock worth $76,178,000 after purchasing an additional 22,035 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 0.7%

NYSE CNI opened at $95.30 on Friday. Canadian National Railway Company has a one year low of $91.07 and a one year high of $114.13. The company’s 50 day moving average price is $95.00 and its 200 day moving average price is $98.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a market capitalization of $58.96 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.18 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on CNI shares. Bank of America cut their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th. Barclays cut their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.90.

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.