Quantinno Capital Management LP Sells 10,594 Shares of Canadian National Railway (NYSE:CNI)

Quantinno Capital Management LP reduced its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 42.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,392 shares of the transportation company's stock after selling 10,594 shares during the period. Quantinno Capital Management LP's holdings in Canadian National Railway were worth $1,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway in the 4th quarter worth about $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $52,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Canadian National Railway stock traded down $0.13 during trading on Wednesday, reaching $105.09. The company had a trading volume of 183,489 shares, compared to its average volume of 1,313,430. The firm has a market capitalization of $66.05 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm's 50-day simple moving average is $100.01 and its 200 day simple moving average is $102.32. 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 issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 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 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 business's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 earnings per share. Sell-side analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI lowered their price objective on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada reduced their price target on 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 dropped 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 research note on Friday, May 2nd. Raymond James downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Bank of America lifted their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.52.

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.