Canadian National Railway Company $CNI Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,933 shares of the transportation company’s stock after selling 586 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Canadian National Railway were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Founders Capital Management LLC acquired a new stake in shares of Canadian National Railway in the second quarter valued at $3,335,000. Goldman Sachs Group Inc. grew its stake in shares of Canadian National Railway by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock valued at $259,694,000 after buying an additional 755,518 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Canadian National Railway by 2.3% in the second 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. GAMMA Investing LLC grew its stake in shares of Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after buying an additional 171 shares in the last quarter. Finally, Cardinal Capital Management Inc. grew its stake in shares of Canadian National Railway by 3.1% in the second quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock valued at $76,178,000 after buying an additional 22,035 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research reports. Raymond James Financial raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Evercore ISI cut Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 target price for the company. in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $113.90.

Canadian National Railway Stock Down 0.3%

Shares of NYSE CNI opened at $95.35 on Tuesday. The company has a market capitalization of $59.00 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The business has a 50-day moving average of $94.83 and a two-hundred day moving average of $98.84. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $114.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.84 earnings per share. On average, analysts forecast that Canadian National Railway Company 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.