Janus Henderson Group PLC Sells 48,839 Shares of Canadian National Railway (NYSE:CNI)

Janus Henderson Group PLC reduced its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,484 shares of the transportation company’s stock after selling 48,839 shares during the period. Janus Henderson Group PLC’s holdings in Canadian National Railway were worth $8,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sustainable Insight Capital Management LLC acquired a new stake in Canadian National Railway in the 4th quarter valued at $436,000. CIBC Asset Management Inc lifted its stake in shares of Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock valued at $519,843,000 after buying an additional 571,967 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Canadian National Railway by 26.5% during the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company’s stock valued at $167,000 after buying an additional 345 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock valued at $10,820,000 after buying an additional 21,100 shares during the last quarter. Finally, Addenda Capital Inc. increased its position in shares of Canadian National Railway by 1.5% during the fourth quarter. Addenda Capital Inc. now owns 455,201 shares of the transportation company’s stock worth $46,207,000 after acquiring an additional 6,647 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $108.08 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $98.79 and a two-hundred day simple moving average of $102.51. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $129.18. The firm has a market cap of $67.93 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating 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 analysts’ expectations of $4.38 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNI shares. Raymond James cut shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. 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. Barclays cut their target price on Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Susquehanna raised Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price target for the company in a research report on Tuesday, May 6th. Finally, Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of $119.52.

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.