D.B. Root & Company LLC Sells 107 Shares of Canadian National Railway (NYSE:CNI)

D.B. Root & Company LLC decreased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,698 shares of the transportation company’s stock after selling 107 shares during the period. D.B. Root & Company LLC’s holdings in Canadian National Railway were worth $274,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after buying an additional 790,420 shares during the last quarter. National Bank of Canada FI boosted its holdings in Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after acquiring an additional 2,137,948 shares in the last quarter. Fiera Capital Corp grew its stake in shares of Canadian National Railway by 0.7% in the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after acquiring an additional 39,063 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Canadian National Railway by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock valued at $570,667,000 after acquiring an additional 120,453 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Canadian National Railway by 5.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after purchasing an additional 202,303 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on CNI shares. Stifel Nicolaus raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and cut their price objective for the company from $132.00 to $120.00 in a research report on Thursday, January 16th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Susquehanna decreased their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group cut their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company decreased their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $104.43 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $65.67 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The firm’s 50 day moving average price is $104.94 and its 200-day moving average price is $111.55. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share 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 business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $1.26 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Canadian National Railway will post 5.15 EPS 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.