Keel Point LLC Has $278,000 Holdings in Canadian National Railway (NYSE:CNI)

Keel Point LLC boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,738 shares of the transportation company’s stock after purchasing an additional 161 shares during the quarter. Keel Point LLC’s holdings in Canadian National Railway were worth $278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. acquired a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $25,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway in the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the fourth quarter worth $30,000. Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position 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 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 Analyst Weigh In

A number of research analysts have issued reports on CNI shares. Stephens boosted their target price on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday. Jefferies Financial Group decreased their price objective on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Citigroup reduced their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Raymond James lowered shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $118.69.

Canadian National Railway Price Performance

NYSE:CNI opened at $101.41 on Friday. The stock has a market capitalization of $63.74 billion, a PE ratio of 19.81, a P/E/G ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $129.18. The firm has a fifty day simple moving average of $98.04 and a 200 day simple moving average of $103.20. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

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