BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $111.51 Million Holdings in Canadian National Railway (NYSE:CNI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,099,524 shares of the transportation company's stock after selling 412,195 shares during the quarter. Canadian National Railway comprises approximately 0.7% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings, making the stock its 26th largest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.17% of Canadian National Railway worth $111,511,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Shell Asset Management Co. boosted its stake in Canadian National Railway by 0.5% during the 4th quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock valued at $2,171,000 after purchasing an additional 100 shares during the period. Voya Investment Management LLC lifted its position in shares of Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock worth $807,000 after acquiring an additional 112 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock worth $286,000 after acquiring an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its position in shares of Canadian National Railway by 1.2% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after acquiring an additional 139 shares during the period. Finally, Addison Advisors LLC lifted its position 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 period. Institutional investors own 80.74% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Raymond James downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Susquehanna raised Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price for the company in a report on Tuesday, May 6th. Finally, Bank of America increased their target price on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has an average rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Trading Down 1.1%

Shares of NYSE CNI traded down $1.14 during midday trading on Friday, hitting $105.08. The stock had a trading volume of 1,221,493 shares, compared to its average volume of 1,313,250. The company's 50-day simple moving average is $99.71 and its 200 day simple moving average is $102.49. The firm has a market cap of $66.04 billion, a P/E ratio of 20.52, a price-to-earnings-growth 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 $127.89. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The company 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%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.72 EPS. Research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway 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.