Silvercrest Asset Management Group LLC Boosts Stake in Canadian National Railway (NYSE:CNI)

Silvercrest Asset Management Group LLC increased its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 46.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,082 shares of the transportation company's stock after acquiring an additional 38,366 shares during the period. Silvercrest Asset Management Group LLC's holdings in Canadian National Railway were worth $12,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the 4th quarter worth $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the fourth quarter worth about $30,000. Lee Danner & Bass Inc. bought a new stake in Canadian National Railway in the fourth quarter worth about $30,000. Addison Advisors LLC boosted its stake in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Canadian National Railway by 48.2% during 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 during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

NYSE CNI traded down $0.71 during trading hours on Friday, hitting $105.51. The company had a trading volume of 273,705 shares, compared to its average volume of 1,432,326. 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 firm has a market capitalization of $66.32 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 52 week low of $91.65 and a 52 week high of $127.89. The firm has a 50 day simple moving average of $99.56 and a 200 day simple moving average of $102.51.

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 firm had revenue of $3.06 billion for 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 company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 earnings per share. Equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CNI shares. Barclays lowered 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. Royal Bank of Canada decreased 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. Loop Capital cut 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 price target for the company in a research note on Tuesday, May 6th. Finally, Bank of America lifted their price objective on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $119.52.

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.