Crestline Management LP Invests $7.72 Million in Canadian National Railway (NYSE:CNI)

Crestline Management LP acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 76,020 shares of the transportation company's stock, valued at approximately $7,717,000.

Other large investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway in the 4th quarter worth $30,000. Addison Advisors LLC increased its stake 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 acquiring an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

CNI has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada reduced their price target on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a research report on Friday. Raymond James cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Finally, Barclays decreased their price target on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.69.

Canadian National Railway Price Performance

CNI stock opened at $98.75 on Tuesday. The stock has a market cap of $62.07 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $129.18. 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 business has a 50 day moving average price of $98.01 and a 200 day moving average price of $102.92.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion during 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 was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. Equities research analysts anticipate 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.

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