Ameriprise Financial Inc. Sells 38,598 Shares of Canadian National Railway (NYSE:CNI)

Ameriprise Financial Inc. trimmed its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 509,142 shares of the transportation company's stock after selling 38,598 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.08% of Canadian National Railway worth $51,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CNI. Wahed Invest LLC increased its holdings in Canadian National Railway by 12.4% during the 4th quarter. Wahed Invest LLC now owns 8,299 shares of the transportation company's stock valued at $842,000 after purchasing an additional 913 shares in the last quarter. Keel Point LLC increased its stake in shares of Canadian National Railway by 6.2% in the fourth quarter. Keel Point LLC now owns 2,738 shares of the transportation company's stock valued at $278,000 after buying an additional 161 shares in the last quarter. Guardian Capital LP raised its holdings in shares of Canadian National Railway by 5.8% in the fourth quarter. Guardian Capital LP now owns 327,417 shares of the transportation company's stock valued at $33,231,000 after buying an additional 18,051 shares during the last quarter. Northern Trust Corp lifted its position in Canadian National Railway by 46.7% during the 4th quarter. Northern Trust Corp now owns 530,309 shares of the transportation company's stock worth $53,832,000 after buying an additional 168,748 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Canadian National Railway by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,857,084 shares of the transportation company's stock worth $392,197,000 after acquiring an additional 37,461 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

Shares of NYSE CNI traded up $1.58 during mid-day trading on Wednesday, hitting $106.78. 1,207,099 shares of the stock traded hands, compared to its average volume of 1,307,633. The company has a market cap of $67.11 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18. 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 has a 50 day simple moving average of $98.22 and a two-hundred day simple moving average of $102.57.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. As a group, equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNI. Citigroup dropped their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Stephens raised their price objective on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target for the company in a report on Tuesday, May 6th. Stifel Nicolaus reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Barclays dropped their target price on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $119.27.

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.