Canadian National Railway (NYSE:CNI) Position Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 70.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,995 shares of the transportation company’s stock after selling 9,723 shares during the period. Cresset Asset Management LLC’s holdings in Canadian National Railway were worth $406,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway in the fourth quarter worth about $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway during the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway during the fourth quarter valued at about $30,000. Addison Advisors LLC lifted its stake in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

CNI has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Citigroup dropped their target price on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group dropped their target price on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Raymond James downgraded Canadian National Railway from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Finally, Stephens upped their target price on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $119.27.

Canadian National Railway Trading Up 1.6%

NYSE:CNI opened at $108.15 on Friday. The stock’s 50 day moving average price is $98.53 and its 200 day moving average price is $102.58. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18. The company has a market capitalization of $67.97 billion, a P/E ratio of 21.12, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the company posted $1.72 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway 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.