Canadian National Railway (NYSE:CNI) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 70.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,995 shares of the transportation company's stock after selling 9,723 shares during the quarter. Cresset Asset Management LLC's holdings in Canadian National Railway were worth $406,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the fourth quarter worth about $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway during the fourth quarter valued at $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the fourth quarter valued at $30,000. Addison Advisors LLC raised its position in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

CNI has been the topic of several analyst reports. Citigroup lowered their price objective on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Evercore ISI cut their price objective on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Susquehanna raised shares of 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, May 6th. Finally, Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Price Performance

Shares of CNI stock traded down $0.33 on Wednesday, reaching $107.12. 103,408 shares of the company were exchanged, compared to its average volume of 1,439,503. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $128.19. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The business has a 50-day moving average price of $99.23 and a 200 day moving average price of $102.50. The company has a market cap of $67.33 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations 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 revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 earnings per share. Equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal 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.