27,155 Shares in Canadian National Railway (NYSE:CNI) Acquired by Banque de Luxembourg S.A.

Banque de Luxembourg S.A. bought a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 27,155 shares of the transportation company's stock, valued at approximately $2,757,000. Canadian National Railway comprises about 1.5% of Banque de Luxembourg S.A.'s holdings, making the stock its 19th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. BLI Banque de Luxembourg Investments bought a new position in Canadian National Railway in the 4th quarter valued at $70,283,000. BNP Paribas Financial Markets grew its holdings in shares of Canadian National Railway by 248.5% in the fourth quarter. BNP Paribas Financial Markets now owns 406,943 shares of the transportation company's stock worth $41,309,000 after purchasing an additional 290,162 shares during the last quarter. Wahed Invest LLC increased its stake in Canadian National Railway by 12.4% in the 4th quarter. Wahed Invest LLC now owns 8,299 shares of the transportation company's stock worth $842,000 after buying an additional 913 shares during the period. Keel Point LLC lifted its holdings in Canadian National Railway by 6.2% during the 4th 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. Finally, Guardian Capital LP lifted its holdings in Canadian National Railway by 5.8% during the 4th 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 in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $0.19 during midday trading on Tuesday, reaching $98.50. 913,275 shares of the company's stock traded hands, compared to its average volume of 1,295,774. The company has a market cap of $61.90 billion, a P/E ratio of 19.24, a PEG ratio of 1.95 and a beta of 0.97. The company has a fifty day simple moving average of $97.98 and a two-hundred day simple moving average of $102.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data 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. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company's revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.72 earnings per share. Equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNI. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Stephens raised their price objective on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price for the company in a report on Tuesday. Barclays cut their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Royal Bank of Canada dropped their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday. Two investment 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.27.

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.