Schnieders Capital Management LLC Takes Position in Canadian National Railway Company $CNI

Schnieders Capital Management LLC bought a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,939 shares of the transportation company’s stock, valued at approximately $202,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Canadian National Railway by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company’s stock valued at $2,254,370,000 after purchasing an additional 179,261 shares during the last quarter. TD Asset Management Inc increased its position in shares of Canadian National Railway by 2.3% during the 2nd quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock valued at $1,255,385,000 after purchasing an additional 273,974 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of Canadian National Railway by 6.0% during the 1st quarter. 1832 Asset Management L.P. now owns 11,243,512 shares of the transportation company’s stock valued at $1,095,793,000 after purchasing an additional 636,147 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Canadian National Railway by 6.3% during the 1st quarter. Mackenzie Financial Corp now owns 8,571,806 shares of the transportation company’s stock valued at $834,129,000 after purchasing an additional 505,588 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Canadian National Railway by 20.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock valued at $646,983,000 after purchasing an additional 1,148,569 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.3%

CNI stock opened at $95.35 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. The firm has a market capitalization of $59.00 billion, a PE ratio of 18.34, a PEG ratio of 2.17 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $91.07 and a twelve month high of $114.90. The stock has a 50-day simple moving average of $94.83 and a two-hundred day simple moving average of $98.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 EPS. On average, equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNI. National Bank Financial lowered Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Citigroup decreased their price objective on Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a report on Monday, October 13th. Susquehanna decreased their price objective on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a report on Thursday, September 25th. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” 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.