Rempart Asset Management Inc. Boosts Position in Canadian National Railway (NYSE:CNI)

Rempart Asset Management Inc. grew its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,091 shares of the transportation company's stock after buying an additional 4,185 shares during the quarter. Canadian National Railway accounts for approximately 3.8% of Rempart Asset Management Inc.'s holdings, making the stock its 17th biggest holding. Rempart Asset Management Inc.'s holdings in Canadian National Railway were worth $18,604,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CNI. Polar Asset Management Partners Inc. lifted its stake in shares of Canadian National Railway by 233.3% in the 4th quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after purchasing an additional 17,500 shares during the last quarter. Cypress Asset Management Inc. TX purchased a new stake in Canadian National Railway during the 4th quarter valued at $875,000. CIBC Asset Management Inc lifted its position in Canadian National Railway by 12.6% in the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after buying an additional 571,967 shares during the last quarter. Blue Trust Inc. boosted its stake in Canadian National Railway by 26.5% during the fourth quarter. Blue Trust Inc. now owns 1,646 shares of the transportation company's stock worth $167,000 after buying an additional 345 shares during the period. Finally, Focus Partners Wealth boosted its stake in Canadian National Railway by 6.7% during the fourth quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company's stock worth $1,078,000 after buying an additional 655 shares during the period. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CNI. Citigroup dropped their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus cut their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Evercore ISI reduced their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Price Performance

Shares of CNI traded up $0.01 during trading hours on Friday, hitting $104.99. 1,187,327 shares of the stock were exchanged, compared to its average volume of 1,321,832. The stock's 50-day moving average price is $100.43 and its two-hundred day moving average price is $102.25. 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 $65.99 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. 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 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. 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 analysts' expectations of $4.38 billion. During the same quarter in the prior year, the company earned $1.72 EPS. Canadian National Railway's revenue was up 3.6% compared to the same quarter last year. Research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway 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.