Private Capital Advisors Inc. Decreases Stake in Canadian National Railway (NYSE:CNI)

Private Capital Advisors Inc. cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,494 shares of the transportation company’s stock after selling 1,289 shares during the period. Canadian National Railway accounts for 0.5% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Private Capital Advisors Inc.’s holdings in Canadian National Railway were worth $4,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd increased its holdings in Canadian National Railway by 43.3% in the third quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock valued at $1,822,000 after buying an additional 4,698 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Canadian National Railway by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after acquiring an additional 21,100 shares in the last quarter. Unigestion Holding SA increased its holdings in shares of Canadian National Railway by 363.6% in the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock valued at $18,012,000 after acquiring an additional 120,687 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after acquiring an additional 202,303 shares in the last quarter. Finally, Partners Group Holding AG lifted its stake in Canadian National Railway by 16.3% during the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after purchasing an additional 56,849 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNI. The Goldman Sachs Group dropped their price target on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Barclays decreased their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Finally, Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Stock Performance

Shares of CNI opened at $106.26 on Friday. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The stock has a market capitalization of $66.82 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company’s fifty day moving average is $104.94 and its two-hundred day moving average is $111.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. On average, sell-side analysts predict that Canadian National Railway will post 5.15 earnings per share for the current year.

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.