Value Partners Investments Inc. Trims Stake in Canadian National Railway (NYSE:CNI)

Value Partners Investments Inc. lowered its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 82.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,036 shares of the transportation company's stock after selling 215,361 shares during the quarter. Canadian National Railway accounts for 2.6% of Value Partners Investments Inc.'s investment portfolio, making the stock its 15th largest holding. Value Partners Investments Inc.'s holdings in Canadian National Railway were worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the 4th quarter worth $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway during the fourth quarter worth about $30,000. Lee Danner & Bass Inc. bought a new stake in Canadian National Railway in the 4th quarter worth about $30,000. Addison Advisors LLC grew its position in 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 purchasing an additional 142 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Canadian National Railway in the 4th quarter valued at about $52,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the topic of a number of research analyst reports. Evercore ISI cut their target price 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. Stifel Nicolaus cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stephens upped their price objective on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price on the stock in a research note on Tuesday, May 6th. Finally, Barclays cut their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $119.52.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.08 during trading hours on Thursday, hitting $104.95. The company's stock had a trading volume of 1,134,035 shares, compared to its average volume of 1,316,907. The business has a 50 day simple moving average of $100.17 and a two-hundred day simple moving average of $102.34. Canadian National Railway has a 52-week low of $91.65 and a 52-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. The company has a market cap of $65.96 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.95 and a beta of 0.97.

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 EPS for the quarter, topping 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 the consensus estimate of $4.38 billion. During the same period last year, the firm earned $1.72 EPS. Canadian National Railway's revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Company 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.