Cwm LLC Buys 4,823 Shares of Canadian National Railway Company $CNI

Key Points

• Cwm LLC increased its stake in Canadian National Railway Company (CNI) by 56.5%, acquiring an additional 4,823 shares during the second quarter, bringing its total holdings to 13,353 shares worth approximately $1,389,000.
• Canadian National Railway's stock is currently down 0.3%, with a market capitalization of $59 billion and a P/E ratio of 18.34.
• In its most recent earnings report, the company missed the consensus EPS estimate by $0.02, reporting $1.35 EPS and $3.14 billion in revenue, which is below analysts' expectations.

Cwm LLC lifted its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 56.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,353 shares of the transportation company's stock after acquiring an additional 4,823 shares during the quarter. Cwm LLC's holdings in Canadian National Railway were worth $1,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNI. Dagco Inc. purchased a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $32,000. Brooklyn Investment Group raised its stake in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock worth $42,000 after buying an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company's stock worth $58,000 after buying an additional 167 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Canadian National Railway by 31.3% during the first 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 period. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian National Railway during the 1st quarter valued at $74,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Down 0.3%

CNI stock opened at $95.35 on Tuesday. The company has a market capitalization of $59.00 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Canadian National Railway Company has a 12 month low of $91.07 and a 12 month high of $114.90. The firm's fifty day simple moving average is $94.83 and its 200-day simple moving average is $98.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results 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 business 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%.The company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the business earned $1.84 EPS. As a group, equities research analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CNI shares. Wells Fargo & Company reduced their price target on Canadian National Railway from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Evercore ISI downgraded shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a report on Wednesday, July 23rd. Susquehanna lowered their price target on shares of Canadian National Railway from $120.00 to $115.00 and set a "positive" rating on the stock in a report on Thursday, September 25th. National Bank Financial lowered shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Barclays lowered their target price on shares of Canadian National Railway from $99.00 to $97.00 and set an "equal weight" rating for the company in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $113.90.

About Canadian National Railway

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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