Value Partners Investments Inc. Has $4.67 Million Holdings 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 fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 46,036 shares of the transportation company's stock after selling 215,361 shares during the period. Canadian National Railway makes up approximately 2.6% of Value Partners Investments Inc.'s portfolio, making the stock its 15th biggest holding. Value Partners Investments Inc.'s holdings in Canadian National Railway were worth $4,670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in shares of Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock valued at $519,843,000 after purchasing an additional 571,967 shares in the last quarter. Blue Trust Inc. grew its position in shares of Canadian National Railway by 26.5% during the 4th quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock valued at $167,000 after purchasing an additional 345 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Canadian National Railway by 6.7% in the 4th quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company's stock valued at $1,078,000 after purchasing an additional 655 shares in the last quarter. Vantage Wealth raised its position in Canadian National Railway by 17.8% in the 4th quarter. Vantage Wealth now owns 159,812 shares of the transportation company's stock worth $16,223,000 after purchasing an additional 24,176 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Canadian National Railway by 7.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 138,810 shares of the transportation company's stock valued at $14,091,000 after buying an additional 10,039 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.3%

Canadian National Railway stock traded up $0.28 during trading on Friday, reaching $105.26. The stock had a trading volume of 482,093 shares, compared to its average volume of 1,316,361. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $100.30 and a 200 day moving average price of $102.29. The stock has a market cap of $66.15 billion, a PE ratio of 20.56, a P/E/G ratio of 1.95 and a beta of 0.97. 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 posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion during 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 company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.72 EPS. On average, analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CNI. Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Jefferies Financial Group dropped their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada decreased 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. Barclays reduced their price objective on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, Citigroup cut 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 research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given 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 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.