Burgundy Asset Management Ltd. Has $73.04 Million Position in Canadian National Railway (NYSE:CNI)

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

A number of other institutional investors have also recently modified their holdings of the stock. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway in the fourth quarter valued at about $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC lifted its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Canadian National Railway in the fourth quarter valued at approximately $52,000. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CNI shares. Bank of America upped their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Evercore ISI cut their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada reduced their price target on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Jefferies Financial Group dropped their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $119.52.

Canadian National Railway Trading Up 0.2%

Shares of CNI stock traded up $0.20 during mid-day trading on Wednesday, hitting $105.42. The company's stock had a trading volume of 299,006 shares, compared to its average volume of 1,432,552. The company has a market cap of $66.26 billion, a PE ratio of 20.58, a P/E/G ratio of 1.95 and a beta of 0.97. 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 company's fifty day simple moving average is $100.01 and its 200-day simple moving average is $102.32. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $127.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the business posted $1.72 EPS. Canadian National Railway's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal 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.