State of Wyoming Decreases Position in Canadian National Railway (NYSE:CNI)

State of Wyoming reduced its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,689 shares of the transportation company’s stock after selling 561 shares during the period. State of Wyoming’s holdings in Canadian National Railway were worth $679,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Shell Asset Management Co. lifted its position in shares of Canadian National Railway by 0.5% during the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company’s stock worth $2,171,000 after purchasing an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Voya Investment Management LLC raised its stake in Canadian National Railway by 1.4% during the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company’s stock worth $807,000 after acquiring an additional 112 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after acquiring an additional 114 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its stake in Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after acquiring an additional 139 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on CNI shares. Raymond James lowered shares of Canadian National Railway from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus dropped their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group dropped their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Evercore ISI dropped their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $119.52.

Canadian National Railway Stock Down 0.0%

Shares of NYSE CNI opened at $108.08 on Monday. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $129.18. The company has a market capitalization of $67.93 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm’s 50-day moving average is $98.79 and its two-hundred day moving average is $102.47.

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

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.