Cetera Investment Advisers Reduces Stake in Canadian National Railway (NYSE:CNI)

Cetera Investment Advisers lowered its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,996 shares of the transportation company's stock after selling 13,827 shares during the period. Cetera Investment Advisers' holdings in Canadian National Railway were worth $4,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% during the fourth 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 during the period. Voya Investment Management LLC boosted its position in shares of Canadian National Railway by 1.4% during the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after buying an additional 112 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after buying an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its position in shares of Canadian National Railway by 1.2% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock valued at $1,167,000 after buying an additional 139 shares during the period. Finally, Addison Advisors LLC boosted its position in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

NYSE:CNI opened at $106.78 on Thursday. 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. The firm has a market cap of $67.11 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.95 and a beta of 0.97. The firm's fifty day moving average is $98.33 and its two-hundred day moving average is $102.60.

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. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The firm's revenue was up 3.6% on a year-over-year basis. Research analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Analyst Ratings Changes

CNI has been the subject of a number of research reports. Barclays lowered their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" 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. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target for the company in a report on Tuesday, May 6th. Stephens boosted their price target on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Evercore ISI lowered their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.27.

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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