34,190 Shares of Canadian National Railway Company $CNI Bought by Brooklands Fund Management Ltd

Key Points

• Brooklands Fund Management purchased 34,190 shares of Canadian National Railway in the third quarter, valued at approximately $4.1 million. The position represents about 0.6% of the fund’s portfolio.
• Institutional ownership remains high, with hedge funds and other institutional investors holding approximately 80.74% of CNI’s outstanding shares.
• Analysts maintain a generally cautious outlook: nine rate the stock a Buy and ten rate it a Hold, producing an overall “Hold” rating and an average price target of $137.49.

Brooklands Fund Management Ltd bought a new stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,190 shares of the transportation company's stock, valued at approximately $4,065,000. Canadian National Railway accounts for about 0.6% of Brooklands Fund Management Ltd's portfolio, making the stock its 29th largest holding.

A number of other large investors have also bought and sold shares of CNI. Pin Oak Investment Advisors Inc. bought a new stake in shares of Canadian National Railway in the second quarter valued at $27,000. Financial Network Wealth Advisors LLC lifted its position in shares of Canadian National Railway by 103.4% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 238 shares of the transportation company's stock valued at $28,000 after buying an additional 121 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Canadian National Railway during the 3rd quarter worth $30,000. Balance Wealth Partners LLC bought a new position in shares of Canadian National Railway during the 3rd quarter worth $40,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Canadian National Railway during the 1st quarter worth $46,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stephens raised Canadian National Railway to a "hold" rating in a report on Wednesday, July 8th. Wells Fargo & Company upped their price objective on shares of Canadian National Railway from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, July 27th. Raymond James Financial lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Monday, October 19th. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research note on Monday, July 27th. Finally, Argus reissued a "hold" rating on shares of Canadian National Railway in a research report on Monday, August 31st. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $137.49.

Canadian National Railway Stock Down 0.1%

CNI stock opened at $124.13 on Friday. The stock has a 50-day simple moving average of $121.78 and a two-hundred day simple moving average of $115.22. The firm has a market capitalization of $74.79 billion, a PE ratio of 22.01, a PEG ratio of 2.23 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $131.55. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99.

Canadian National Railway Company Profile

Canadian National Railway Company NYSE: CNI is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.

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