Mount Yale Investment Advisors LLC Purchases New Position in Canadian National Railway (NYSE:CNI)

Mount Yale Investment Advisors LLC acquired a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,292 shares of the transportation company’s stock, valued at approximately $233,000.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the period. National Bank of Canada FI boosted its stake in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Fiera Capital Corp boosted its stake in Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after purchasing an additional 39,063 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after buying an additional 202,303 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Canadian National Railway by 6.6% during the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company’s stock valued at $302,895,000 after buying an additional 158,757 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

NYSE CNI opened at $105.51 on Thursday. The company has a 50-day simple moving average of $104.72 and a two-hundred day simple moving average of $111.16. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The firm has a market cap of $66.35 billion, a price-to-earnings ratio of 16.91, a PEG 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.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CNI shares. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 10th. Barclays reduced their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Sanford C. Bernstein lowered their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Finally, Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $130.00 in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price 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.