Canadian National Railway (NYSE:CNI) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,310 shares of the transportation company's stock after purchasing an additional 28,904 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Canadian National Railway worth $37,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. SG Americas Securities LLC bought a new position in shares of Canadian National Railway during the fourth quarter worth $615,000. Janney Montgomery Scott LLC raised its holdings in shares of Canadian National Railway by 7.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 138,810 shares of the transportation company's stock worth $14,091,000 after acquiring an additional 10,039 shares in the last quarter. Wesbanco Bank Inc. purchased a new position in shares of Canadian National Railway in the 4th quarter worth $227,000. Sustainable Insight Capital Management LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth about $436,000. Finally, Gradient Investments LLC grew its position in Canadian National Railway by 14.8% in the fourth quarter. Gradient Investments LLC now owns 5,297 shares of the transportation company's stock worth $538,000 after acquiring an additional 684 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded up $0.04 during trading on Thursday, hitting $104.91. 365,036 shares of the company's stock were exchanged, compared to its average volume of 1,313,927. The stock has a market capitalization of $65.94 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.95 and a beta of 0.97. The business has a 50-day simple moving average of $100.17 and a 200-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 quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data 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. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 EPS. On average, research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CNI shares. 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. Bank of America raised their price target on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Susquehanna upgraded Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price for the company in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group cut 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 report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.