First Affirmative Financial Network Increases Holdings in Canadian National Railway (NYSE:CNI)

First Affirmative Financial Network grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,598 shares of the transportation company’s stock after acquiring an additional 584 shares during the period. First Affirmative Financial Network’s holdings in Canadian National Railway were worth $568,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Grove Bank & Trust increased its stake in shares of Canadian National Railway by 15.3% in the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after acquiring an additional 97 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Canadian National Railway by 48.2% in the fourth 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 period. Catalytic Wealth RIA LLC increased its position in shares of Canadian National Railway by 2.3% in the third quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after buying an additional 123 shares in the last quarter. Harrington Investments INC lifted its position in shares of Canadian National Railway by 0.6% during the 3rd quarter. Harrington Investments INC now owns 20,346 shares of the transportation company’s stock valued at $2,384,000 after buying an additional 130 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Canadian National Railway by 3.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,375 shares of the transportation company’s stock worth $513,000 after buying an additional 135 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays cut their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Susquehanna cut their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Bank of America lowered their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $105.51 on Thursday. Canadian National Railway has a fifty-two week low of $98.96 and a fifty-two week high of $134.02. The company has a market capitalization of $66.35 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 2.36 and a beta of 0.91. The stock has a fifty day moving average of $104.72 and a two-hundred day moving average of $111.16. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64.

About Canadian National Railway

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.