Canadian National Railway (NYSE:CNI) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC grew its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,470 shares of the transportation company’s stock after buying an additional 1,986 shares during the quarter. Inspire Investing LLC’s holdings in Canadian National Railway were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CNI. Fortitude Family Office LLC increased its position in shares of Canadian National Railway by 738.7% during 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 period. Coastline Trust Co bought a new position in shares of Canadian National Railway during the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. grew 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 purchasing an additional 108 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Canadian National Railway in the 3rd quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Canadian National Railway in the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.7 %

NYSE:CNI opened at $104.43 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $65.67 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.34 and a beta of 0.91. The stock’s 50 day moving average price is $104.94 and its 200 day moving average price is $111.55. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company posted $1.26 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. On average, research analysts forecast that Canadian National Railway will post 5.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. The Goldman Sachs Group cut their target price on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Barclays cut their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.02.

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.