Sustainable Insight Capital Management LLC Purchases Shares of 4,300 Canadian National Railway (NYSE:CNI)

Sustainable Insight Capital Management LLC acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, Holdings Channel reports. The fund acquired 4,300 shares of the transportation company’s stock, valued at approximately $436,000.

Several other institutional investors also recently modified their holdings of the stock. Fortitude Family Office LLC increased its holdings in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the last quarter. Coastline Trust Co purchased a new stake in Canadian National Railway during the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 last quarter. Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway in the 3rd quarter worth about $41,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of Canadian National Railway during the 3rd quarter valued at about $56,000. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CNI shares. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein lowered their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Susquehanna reduced their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Price Performance

CNI opened at $106.26 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The company has a market cap of $66.82 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. The stock has a fifty day simple moving average of $104.94 and a two-hundred day simple moving average of $111.55. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the business earned $1.26 EPS. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts predict that Canadian National Railway will post 5.15 earnings per share for the current fiscal year.

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.