Motley Fool Wealth Management LLC Grows Position in Canadian National Railway Company $CNI

Motley Fool Wealth Management LLC lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 17.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 74,527 shares of the transportation company’s stock after buying an additional 11,053 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Canadian National Railway were worth $7,754,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dagco Inc. purchased a new stake in Canadian National Railway during the first quarter valued at $32,000. Curio Wealth LLC raised its stake in Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 316 shares in the last quarter. Brooklyn Investment Group raised its stake in Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Canadian National Railway by 42.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.6%

CNI stock opened at $94.79 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a twelve month low of $91.07 and a twelve month high of $114.13. The stock has a market capitalization of $58.65 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.18 and a beta of 0.96. The firm’s fifty day simple moving average is $95.04 and its two-hundred day simple moving average is $98.84.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CNI shares. Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target on the stock. in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Bank of America decreased their price target on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, Citigroup decreased their price target on shares of Canadian National Railway from $121.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $113.90.

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.