Janus Henderson Group PLC Has $8.27 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Janus Henderson Group PLC lessened its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 37.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,484 shares of the transportation company's stock after selling 48,839 shares during the period. Janus Henderson Group PLC's holdings in Canadian National Railway were worth $8,265,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CNI. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the 4th quarter worth about $30,000. Lee Danner & Bass Inc. bought a new stake in Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC increased 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 valued at $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Down 1.1%

NYSE:CNI traded down $1.14 during trading hours on Friday, hitting $105.08. The stock had a trading volume of 1,221,493 shares, compared to its average volume of 1,313,250. The business's 50 day moving average is $99.71 and its 200-day moving average is $102.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $66.04 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.95 and a beta of 0.97. Canadian National Railway has a one year low of $91.65 and a one year high of $127.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly 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 company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the business earned $1.72 EPS. The firm's revenue was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CNI has been the topic of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their price objective on Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada dropped their target price on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Raymond James cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus cut their target price on shares of 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently 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.