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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased 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 valued at $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. National Bank of Canada FI increased its stake in shares of 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 acquiring an additional 2,137,948 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Canadian National Railway by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after acquiring an additional 39,063 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Canadian National Railway by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock valued at $570,667,000 after acquiring an additional 120,453 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Canadian National Railway by 5.4% in the third 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 purchasing an additional 202,303 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 10th. Wells Fargo & Company lowered their price objective on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Stifel Nicolaus upgraded Canadian National Railway from a “hold” rating to a “buy” rating and reduced their target price for the company from $132.00 to $120.00 in a research report on Thursday, January 16th. Barclays lowered their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Up 2.1 %

Canadian National Railway stock opened at $103.70 on Wednesday. The firm has a market capitalization of $65.21 billion, a P/E ratio of 16.62, a P/E/G ratio of 2.30 and a beta of 0.91. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a twelve month low of $98.96 and a twelve month high of $134.02. The stock’s fifty day simple moving average is $105.23 and its 200-day simple moving average is $111.70.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The company 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%. Canadian National Railway’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 EPS. As a group, equities analysts expect that Canadian National Railway will post 5.15 earnings per share for the current fiscal year.

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.