Cary Street Partners Financial LLC Invests $277,000 in Canadian National Railway (NYSE:CNI)

Cary Street Partners Financial LLC acquired a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,731 shares of the transportation company's stock, valued at approximately $277,000.

Several other large investors also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway during the 4th quarter valued at about $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway during the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC grew its holdings in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

NYSE:CNI traded up $1.58 during mid-day trading on Wednesday, reaching $106.78. The stock had a trading volume of 1,207,099 shares, compared to its average volume of 1,307,633. The firm has a 50 day moving average price of $98.22 and a two-hundred day moving average price of $102.57. The stock has a market capitalization of $67.11 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.95 and a beta of 0.97. Canadian National Railway has a one year low of $91.65 and a one year high of $129.18. 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 (NYSE:CNI - Get Free Report) TSE: CNR last released 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 company had revenue of $3.06 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS. As a group, analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNI. Royal Bank of Canada reduced their target price on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Jefferies Financial Group reduced their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Evercore ISI dropped their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Barclays dropped their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $119.27.

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.