Canadian National Railway (NYSE:CNI) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & 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 about 0.91% of Canadian National Railway worth $578,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CNI. Dunhill Financial LLC boosted its holdings in shares of Canadian National Railway by 1,020.0% in the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock worth $57,000 after buying an additional 510 shares during the last quarter. Crestline Management LP bought a new position in shares of Canadian National Railway during the 4th quarter valued at approximately $7,717,000. Centiva Capital LP bought a new position in Canadian National Railway in the 4th quarter valued at $2,696,000. Bridgefront Capital LLC bought a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $276,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Canadian National Railway in the 4th quarter valued at $6,636,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded up $1.01 during trading on Tuesday, hitting $105.71. 460,628 shares of the stock were exchanged, compared to its average volume of 1,300,676. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $129.18. The company has a market cap of $66.44 billion, a PE ratio of 20.65, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a fifty day moving average price of $98.16 and a two-hundred day moving average price of $102.55. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

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, beating the consensus estimate of $1.26 by $0.03. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 earnings per share. On average, analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Evercore ISI decreased their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a research report on Tuesday, May 6th. Stephens boosted their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Citigroup cut their price target on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target 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.