Y Intercept Hong Kong Ltd Decreases Stock Position in Canadian National Railway Company $CNI

Y Intercept Hong Kong Ltd trimmed its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 54.2% in the 3rd quarter, Holdings Channel reports. The firm owned 15,328 shares of the transportation company’s stock after selling 18,173 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Canadian National Railway were worth $1,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNI. TD Asset Management Inc grew its holdings in Canadian National Railway by 2.3% in the 2nd quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock valued at $1,255,385,000 after buying an additional 273,974 shares in the last quarter. Westerkirk Capital Inc. acquired a new position in shares of Canadian National Railway during the 2nd quarter valued at about $3,448,000. Scheer Rowlett & Associates Investment Management Ltd. grew its holdings in shares of Canadian National Railway by 9.8% in the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 802,257 shares of the transportation company’s stock valued at $83,646,000 after purchasing an additional 71,364 shares during the period. Cardinal Capital Management Inc. increased its position in Canadian National Railway by 1.5% during the third quarter. Cardinal Capital Management Inc. now owns 742,230 shares of the transportation company’s stock worth $70,038,000 after purchasing an additional 10,880 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its position in Canadian National Railway by 3.2% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 191,842 shares of the transportation company’s stock worth $19,959,000 after purchasing an additional 6,033 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Trending Headlines about Canadian National Railway

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Q4 EPS topped estimates (beats reported), showing stronger-than-expected profitability which supports near-term earnings confidence. Read More.
• Positive Sentiment: Board approved a 3% dividend increase and launched a new normal course issuer bid (share repurchase), both shareholder-friendly actions that typically support buy-side interest. Read More.
• Positive Sentiment: Company reported higher profit and revenue year-over-year, citing improved freight volumes and operational efficiency — a sign management is extracting better margins from the franchise. Read More.
• Neutral Sentiment: CN released its formal Q4 and year-end results and supporting materials (press release, slide deck, conference call), providing full disclosure but no new guidance detail that would materially alter outlook immediately. Read More.
• Negative Sentiment: Certain top-line figures were below some Street expectations (investors flagged revenue/volume comparisons versus analyst models), which can outweigh an EPS beat and pressure the stock. Read More.
• Negative Sentiment: Shares are trading lower on elevated volume as the market digests mixed signals — strong profitability and shareholder returns vs. mixed top-line/volume metrics — creating short-term selling pressure. Read More.

Analyst Ratings Changes

CNI has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Susquehanna increased their price objective on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Citigroup reduced their target price on Canadian National Railway from $120.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Cibc Captl Mkts upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus price target of $117.64.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $96.23 on Friday. The business has a 50-day moving average of $98.10 and a 200 day moving average of $96.20. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $108.75. The stock has a market capitalization of $59.13 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.60 and a quick ratio of 0.42.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a net margin of 26.86% and a return on equity of 21.50%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.