Canadian National Railway Company $CNI Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Canadian National Railway Company ($CNI) by 60.3%, holding 2,059 shares valued at $216,000 following the sale of 3,121 shares in the second quarter.
• Despite Atria's decrease, other institutional investors have increased their positions, with GAMMA Investing LLC raising its holdings by 31.3% during the first quarter.
• Canadian National Railway reported earnings per share (EPS) of $1.35 for the last quarter, missing estimates and reflecting a 1.3% decline in year-over-year revenue.

Atria Wealth Solutions Inc. lowered its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 60.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,059 shares of the transportation company's stock after selling 3,121 shares during the period. Atria Wealth Solutions Inc.'s holdings in Canadian National Railway were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in CNI. GAMMA Investing LLC increased its holdings in shares of Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after buying an additional 171 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Canadian National Railway by 12.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,897 shares of the transportation company's stock worth $2,329,000 after buying an additional 2,572 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Canadian National Railway by 22.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 26,358 shares of the transportation company's stock worth $2,569,000 after buying an additional 4,904 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Canadian National Railway by 121.5% during the 1st quarter. Bessemer Group Inc. now owns 78,227 shares of the transportation company's stock worth $7,621,000 after buying an additional 42,907 shares during the last quarter. Finally, White Pine Investment CO increased its holdings in shares of Canadian National Railway by 4.5% during the 1st quarter. White Pine Investment CO now owns 52,079 shares of the transportation company's stock worth $5,076,000 after buying an additional 2,249 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $96.14 on Thursday. The stock has a market cap of $59.48 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The company has a fifty day simple moving average of $94.90 and a 200-day simple moving average of $98.79. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $114.90. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. Equities analysts expect that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Analyst Ratings Changes

CNI has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, October 6th. Argus raised shares of Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Royal Bank Of Canada lowered their price objective on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Canadian National Railway currently has an average rating of "Hold" and an average price target of $113.90.

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.

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