Brown Advisory Inc. Decreases Stock Holdings in Canadian National Railway (NYSE:CNI)

Brown Advisory Inc. reduced its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 815,493 shares of the transportation company's stock after selling 90,292 shares during the period. Brown Advisory Inc. owned 0.13% of Canadian National Railway worth $82,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its stake in Canadian National Railway by 115.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company's stock valued at $513,000 after acquiring an additional 2,346 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Canadian National Railway by 29.6% in the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after purchasing an additional 21,100 shares in the last quarter. Canandaigua National Trust Co of Florida boosted its position in shares of Canadian National Railway by 61.9% in the 4th quarter. Canandaigua National Trust Co of Florida now owns 3,570 shares of the transportation company's stock worth $362,000 after purchasing an additional 1,365 shares in the last quarter. Fortitude Family Office LLC grew its stake in Canadian National Railway by 133.8% during the 4th quarter. Fortitude Family Office LLC now owns 608 shares of the transportation company's stock worth $62,000 after buying an additional 348 shares during the last quarter. Finally, Ridgewood Investments LLC increased its position in Canadian National Railway by 92.5% during the 4th quarter. Ridgewood Investments LLC now owns 1,923 shares of the transportation company's stock valued at $195,000 after buying an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Performance

NYSE CNI opened at $101.41 on Monday. The firm has a market capitalization of $63.74 billion, a P/E ratio of 19.81, a PEG ratio of 1.95 and a beta of 0.97. The stock has a 50-day simple moving average of $98.04 and a two-hundred day simple moving average of $103.03. 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 fifty-two week low of $91.65 and a fifty-two week high of $129.18.

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 for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same period last year, the business earned $1.72 earnings per share. Canadian National Railway's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CNI shares. Citigroup lowered their price target on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada lowered their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research note on Friday. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Barclays lowered their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Stephens upped their target price on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of $118.69.

About Canadian National Railway

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.

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