OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in Canadian National Railway (NYSE:CNI)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 114,800 shares of the transportation company's stock, valued at approximately $11,653,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. acquired a new position in shares of Canadian National Railway during the fourth quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC lifted its stake in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on CNI shares. Raymond James downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group dropped their price objective on 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. Stephens upped their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price target on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Bank of America boosted their target price on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded down $0.05 during trading on Friday, reaching $108.08. 1,208,567 shares of the stock traded hands, compared to its average volume of 1,309,605. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $129.18. The business has a fifty day simple moving average of $98.53 and a two-hundred day simple moving average of $102.58. The company has a market capitalization of $67.93 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) 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 analysts' consensus estimates of $1.26 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Canadian National Railway's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. Sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

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.