Canadian National Railway (NYSE:CNI) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI decreased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,864 shares of the transportation company’s stock after selling 2,358 shares during the period. Parsons Capital Management Inc. RI’s holdings in Canadian National Railway were worth $1,813,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Canadian National Railway during the 4th quarter worth $233,000. Union Bancaire Privee UBP SA purchased a new stake in Canadian National Railway during the fourth quarter valued at about $1,050,000. Blue Trust Inc. grew its position in Canadian National Railway by 26.5% during the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 345 shares during the period. Marshall Financial Group LLC increased its stake in Canadian National Railway by 4.5% during the fourth quarter. Marshall Financial Group LLC now owns 8,752 shares of the transportation company’s stock worth $888,000 after acquiring an additional 379 shares during the last quarter. Finally, Vantage Wealth raised its holdings in shares of Canadian National Railway by 17.8% in the 4th quarter. Vantage Wealth now owns 159,812 shares of the transportation company’s stock worth $16,223,000 after purchasing an additional 24,176 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI stock opened at $106.67 on Tuesday. The stock’s 50 day moving average is $104.79 and its two-hundred day moving average is $111.36. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The company has a market capitalization of $67.08 billion, a PE ratio of 17.09, a P/E/G ratio of 2.36 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CNI. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $174.00 target price on shares of Canadian National Railway in a research note on Friday, January 10th. Bank of America decreased their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Susquehanna cut their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.02.

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.