Canadian National Railway (NYSE:CNI) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,047,107 shares of the transportation company's stock after buying an additional 184,193 shares during the period. Voloridge Investment Management LLC owned 0.17% of Canadian National Railway worth $106,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after buying an additional 1,934,622 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after buying an additional 101,228 shares during the last quarter. Capital International Investors raised its holdings in shares of Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after buying an additional 1,341,133 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Canadian National Railway by 2.7% in the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after buying an additional 309,210 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd raised its holdings in shares of Canadian National Railway by 4.8% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock worth $926,573,000 after buying an additional 422,078 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Stifel Nicolaus reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Royal Bank of Canada reduced their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Citigroup reduced their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI reduced their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Stock Down 0.5%

Shares of NYSE CNI opened at $107.48 on Tuesday. The company's 50-day simple moving average is $99.00 and its 200-day simple moving average is $102.47. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $129.18. The firm has a market cap of $67.55 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the business earned $1.72 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts predict that Canadian National Railway will post 5.52 EPS 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.

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