65,374 Shares in Canadian National Railway (NYSE:CNI) Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, Holdings Channel reports. The fund acquired 65,374 shares of the transportation company’s stock, valued at approximately $6,636,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 valued at $34,000 after purchasing an additional 108 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock valued at $807,000 after acquiring an additional 112 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its holdings in shares of Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock valued at $1,167,000 after acquiring an additional 139 shares in the last quarter. Finally, Addison Advisors LLC grew its position in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CNI shares. Raymond James downgraded Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Stephens boosted their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Wells Fargo & Company lowered their target price 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.69.

Canadian National Railway Price Performance

CNI opened at $101.41 on Monday. The stock has a market capitalization of $63.74 billion, a P/E ratio of 19.81, a PEG ratio of 1.95 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $129.18. The stock has a 50-day moving average price of $98.04 and a 200-day moving average price of $103.03.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 EPS. Equities analysts predict that Canadian National Railway will post 5.52 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.