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

Sterling Investment Management LLC boosted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,868 shares of the transportation company’s stock after purchasing an additional 10,589 shares during the quarter. Canadian National Railway accounts for about 3.7% of Sterling Investment Management LLC’s investment portfolio, making the stock its 5th biggest holding. Sterling Investment Management LLC’s holdings in Canadian National Railway were worth $4,758,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Canadian National Railway in the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Canadian National Railway in the third quarter valued at about $41,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Canadian National Railway in the third quarter valued at about $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Up 2.1 %

NYSE CNI opened at $103.70 on Wednesday. The business has a fifty day moving average price of $105.23 and a two-hundred day moving average price of $111.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The stock has a market capitalization of $65.21 billion, a PE ratio of 16.62, a PEG ratio of 2.30 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data 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 business had revenue of $4.11 billion during 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%. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Equities analysts expect that Canadian National Railway will post 5.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on CNI shares. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 target price on shares of Canadian National Railway in a research report on Friday, January 10th. Bank of America lowered their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

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.