BLI Banque de Luxembourg Investments Acquires New Stake in Canadian National Railway (NYSE:CNI)

BLI Banque de Luxembourg Investments bought a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 693,095 shares of the transportation company's stock, valued at approximately $70,283,000. Canadian National Railway comprises approximately 1.9% of BLI Banque de Luxembourg Investments' portfolio, making the stock its 12th biggest holding. BLI Banque de Luxembourg Investments owned 0.11% of Canadian National Railway at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CNI. Norges Bank bought a new stake in Canadian National Railway during the fourth quarter worth about $563,048,000. Canoe Financial LP purchased a new stake in Canadian National Railway in the fourth quarter worth approximately $216,943,000. Price T Rowe Associates Inc. MD grew its position in Canadian National Railway by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock valued at $557,278,000 after acquiring an additional 1,380,554 shares during the last quarter. Capital International Investors raised its stake in shares of Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after acquiring an additional 1,341,133 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Canadian National Railway by 29.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after acquiring an additional 1,102,977 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Down 0.2 %

Shares of NYSE CNI traded down $0.19 during midday trading on Tuesday, hitting $98.50. The stock had a trading volume of 913,275 shares, 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 quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business's 50 day moving average is $97.98 and its 200-day moving average is $102.89. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $129.18.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The business 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 revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.72 EPS. As a group, analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CNI. Evercore ISI dropped their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday. Stephens increased their price objective on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday. Susquehanna upgraded shares of 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. Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group decreased their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two equities research 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. According to MarketBeat, Canadian National Railway currently has a consensus 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.