Canadian National Railway (NYSE:CNI) Shares Bought by White Pine Investment CO

White Pine Investment CO raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,830 shares of the transportation company’s stock after acquiring an additional 1,075 shares during the quarter. White Pine Investment CO’s holdings in Canadian National Railway were worth $5,058,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Canadian National Railway during the second quarter worth approximately $1,725,000. Benjamin F. Edwards & Company Inc. lifted its position in Canadian National Railway by 6.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,021 shares of the transportation company’s stock valued at $475,000 after acquiring an additional 247 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Canadian National Railway by 15.6% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the transportation company’s stock valued at $113,000 after acquiring an additional 131 shares in the last quarter. Magnetar Financial LLC acquired a new position in Canadian National Railway in the second quarter valued at $3,537,000. Finally, Marshall Wace LLP grew its holdings in shares of Canadian National Railway by 554.0% during the second quarter. Marshall Wace LLP now owns 326,979 shares of the transportation company’s stock worth $38,626,000 after purchasing an additional 276,982 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

CNI has been the subject of several research reports. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Stephens reissued an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 10th. Stifel Nicolaus upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and decreased their price target for the stock from $132.00 to $120.00 in a research note on Thursday, January 16th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Price Performance

Shares of CNI opened at $103.70 on Wednesday. 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 stock’s 50 day moving average is $105.23 and its two-hundred day moving average is $111.70. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The firm has a market capitalization of $65.21 billion, a PE ratio of 16.62, a P/E/G ratio of 2.30 and a beta of 0.91.

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