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

Parsons Capital Management Inc. RI lowered its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,864 shares of the transportation company’s stock after selling 2,358 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Canadian National Railway were worth $1,813,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in shares of Canadian National Railway by 738.7% in the 3rd 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 during the last quarter. Coastline Trust Co purchased a new position in Canadian National Railway during the 3rd quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the period. Reston Wealth Management LLC purchased 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. acquired a new position in shares of Canadian National Railway during the third quarter worth about $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Susquehanna reduced their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, January 10th. The Goldman Sachs Group lowered their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Trading Up 1.1 %

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

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.