Deutsche Bank AG Grows Stock Holdings in Canadian National Railway (NYSE:CNI)

Deutsche Bank AG raised its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,701,425 shares of the transportation company's stock after acquiring an additional 316,422 shares during the period. Deutsche Bank AG owned approximately 0.91% of Canadian National Railway worth $578,752,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sustainable Insight Capital Management LLC bought a new position in Canadian National Railway in the 4th quarter valued at approximately $436,000. Threadgill Financial LLC boosted its holdings in shares of Canadian National Railway by 75.9% during the 4th quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock valued at $2,282,000 after acquiring an additional 9,701 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after acquiring an additional 571,967 shares during the period. Blue Trust Inc. lifted its position in Canadian National Railway by 26.5% during the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock valued at $167,000 after purchasing an additional 345 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after purchasing an additional 21,100 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CNI shares. Wells Fargo & Company cut their price target on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. 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 report on Friday, May 2nd. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada cut their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of $119.27.

Canadian National Railway Stock Up 1.4 %

NYSE:CNI opened at $99.77 on Thursday. The company's 50-day simple moving average is $97.95 and its 200-day simple moving average is $102.87. 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 has a fifty-two week low of $91.65 and a fifty-two week high of $129.18. The stock has a market capitalization of $62.70 billion, a P/E ratio of 19.49, 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 issued 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. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. Canadian National Railway's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.

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