Burgundy Asset Management Ltd. Acquires 246,151 Shares of Canadian National Railway (NYSE:CNI)

Burgundy Asset Management Ltd. raised its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 51.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 719,988 shares of the transportation company's stock after purchasing an additional 246,151 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.11% of Canadian National Railway worth $73,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $25,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC grew its position in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on CNI shares. Barclays reduced their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on shares of 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. Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Raymond James downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Stephens raised their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Stock Up 0.2%

CNI traded up $0.20 during mid-day trading on Tuesday, reaching $105.18. 1,076,582 shares of the stock were exchanged, compared to its average volume of 1,315,637. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a market capitalization of $66.11 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a 50 day moving average price of $99.86 and a two-hundred day moving average price of $102.30. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $127.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The firm 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 business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.72 EPS. As a group, 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.