Canadian National Railway (NYSE:CNI) Shares Purchased by Sterling Investment Management LLC

Sterling Investment Management LLC grew its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 29.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,868 shares of the transportation company’s stock after acquiring an additional 10,589 shares during the quarter. Canadian National Railway accounts for 3.7% of Sterling Investment Management LLC’s holdings, making the stock its 5th biggest position. Sterling Investment Management LLC’s holdings in Canadian National Railway were worth $4,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its position in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co bought a new position in shares of Canadian National Railway during the 3rd quarter worth about $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% during the 4th 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 in the last quarter. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway during 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 worth about $56,000. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and dropped their price target for the company from $132.00 to $120.00 in a research report on Thursday, January 16th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company cut 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. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Trading Up 2.1 %

NYSE: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 has a market capitalization of $65.21 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.30 and a beta of 0.91. The firm’s 50 day moving average is $105.23 and its 200 day moving average is $111.70. 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 posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Canadian National Railway’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. Sell-side analysts expect that Canadian National Railway will post 5.15 earnings per share for the current year.

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.