Elefante Mark B Makes New Investment in Canadian National Railway (NYSE:CNI)

Elefante Mark B acquired a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,620 shares of the transportation company's stock, valued at approximately $2,804,000. Canadian National Railway accounts for approximately 2.6% of Elefante Mark B's portfolio, making the stock its 17th biggest position.

Other large investors have also modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC increased its holdings in Canadian National Railway by 80.2% in 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian National Railway by 48.2% in 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 last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stifel Nicolaus dropped their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Susquehanna raised Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective on the stock in a report on Tuesday, May 6th. Barclays dropped their price objective 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. Raymond James lowered Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $119.27.

Canadian National Railway Price Performance

Shares of CNI traded up $1.59 during mid-day trading on Wednesday, hitting $106.79. The company's stock had a trading volume of 787,603 shares, compared to its average volume of 1,304,086. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a 50-day simple moving average of $98.22 and a 200 day simple moving average of $102.57. The firm has a market capitalization of $67.12 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 1-year low of $91.65 and a 1-year high of $129.18.

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 (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations 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 revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 earnings per share. Analysts predict that Canadian National Railway will post 5.52 EPS 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.