Canadian National Railway Company $CNI Shares Acquired by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lifted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191,842 shares of the transportation company’s stock after buying an additional 6,033 shares during the quarter. Canadian National Railway makes up approximately 1.0% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 27th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Canadian National Railway were worth $19,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CNI. Kingstone Capital Partners Texas LLC acquired a new position in shares of Canadian National Railway during the second quarter worth about $310,489,000. The Manufacturers Life Insurance Company lifted its stake in Canadian National Railway by 37.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company’s stock worth $518,260,000 after purchasing an additional 1,439,617 shares during the last quarter. Nuveen LLC purchased a new stake in Canadian National Railway during the first quarter worth approximately $112,216,000. Price T Rowe Associates Inc. MD lifted its stake in Canadian National Railway by 20.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock worth $646,983,000 after purchasing an additional 1,148,569 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Canadian National Railway by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after purchasing an additional 755,518 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $95.30 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.58 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 50 day moving average of $95.00 and a two-hundred day moving average of $98.87. The stock has a market cap of $58.96 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.18 and a beta of 0.96.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNI. National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Citigroup decreased their target price on Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Susquehanna decreased their target price on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company decreased their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $113.90.

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.