Canadian National Railway (NYSE:CNI) Shares Sold by Axa S.A.

Axa S.A. lessened its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 32.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,234 shares of the transportation company's stock after selling 43,865 shares during the quarter. Axa S.A.'s holdings in Canadian National Railway were worth $9,363,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CNI. Sustainable Insight Capital Management LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter worth $436,000. Threadgill Financial LLC raised its position in Canadian National Railway by 75.9% in the fourth quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock valued at $2,282,000 after purchasing an additional 9,701 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Canadian National Railway by 12.6% during the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after purchasing an additional 571,967 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Canadian National Railway by 26.5% in the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock worth $167,000 after buying an additional 345 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock valued at $10,820,000 after buying an additional 21,100 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on CNI. Raymond James lowered Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Bank of America decreased their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Barclays dropped their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday. Royal Bank of Canada decreased their price objective on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Friday. Finally, TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $118.69.

Canadian National Railway Stock Performance

Shares of CNI opened at $98.75 on Tuesday. 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 12-month low of $91.65 and a 12-month high of $129.18. The business's fifty day moving average price is $98.01 and its 200 day moving average price is $102.92. The stock has a market capitalization of $62.07 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly 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 business had revenue of $3.06 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. Equities research analysts forecast 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.

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