Canadian National Railway (NYSE:CNI) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,066,218 shares of the transportation company's stock after selling 872,621 shares during the quarter. Canadian National Railway comprises approximately 1.1% of Mackenzie Financial Corp's investment portfolio, making the stock its 15th biggest holding. Mackenzie Financial Corp owned about 1.28% of Canadian National Railway worth $818,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Shell Asset Management Co. grew its holdings in Canadian National Railway by 0.5% in the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock worth $2,171,000 after purchasing an additional 100 shares during the last quarter. Voya Investment Management LLC grew its position in Canadian National Railway by 1.4% during the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock worth $807,000 after purchasing an additional 112 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after purchasing an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. increased its stake in Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock valued at $1,167,000 after purchasing an additional 139 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Canadian National Railway stock traded up $0.20 during midday trading on Tuesday, reaching $105.18. The company had a trading volume of 1,403,169 shares, compared to its average volume of 1,317,878. The firm's fifty day simple moving average is $99.86 and its 200-day simple moving average is $102.30. The company has a market capitalization of $66.11 billion, a P/E ratio of 20.54, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 12-month low of $91.65 and a 12-month 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, topping analysts' consensus estimates of $1.26 by $0.03. The business 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 business's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 EPS. As a group, equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CNI shares. Stifel Nicolaus reduced their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup decreased their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Barclays decreased their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and an average target price 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.