Mercer Global Advisors Inc. ADV Sells 2,503 Shares of Canadian National Railway (NYSE:CNI)

Mercer Global Advisors Inc. ADV decreased its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,162 shares of the transportation company's stock after selling 2,503 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Canadian National Railway were worth $1,032,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in Canadian National Railway during the 4th quarter worth $563,048,000. Canoe Financial LP bought a new stake in Canadian National Railway in the 4th quarter worth about $216,943,000. Price T Rowe Associates Inc. MD increased its stake in Canadian National Railway by 33.6% in the 4th 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 buying an additional 1,380,554 shares during the last quarter. Capital International Investors lifted its position in shares of Canadian National Railway by 12.8% during the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after buying an additional 1,341,133 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake 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 buying an additional 1,102,977 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Price Performance

CNI traded up $1.68 during trading on Thursday, reaching $108.08. 317,186 shares of the company were exchanged, compared to its average volume of 1,303,842. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $129.18. The company's 50-day moving average is $98.33 and its two-hundred day moving average is $102.60. 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 company has a market cap of $67.93 billion, a price-to-earnings ratio of 21.09, 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 quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The firm 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 for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 earnings per share. Research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group decreased their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Citigroup reduced their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Stephens lifted their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Two 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.