Sone Capital Management LLC Takes $1.96 Million Position in Canadian National Railway (NYSE:CNI)

Sone Capital Management LLC bought a new position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,261 shares of the transportation company's stock, valued at approximately $1,956,000.

A number of other institutional investors have also made changes to their positions in the stock. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway in the 4th quarter valued at about $25,000. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway during the fourth quarter worth $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC increased its holdings 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 buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNI has been the subject of a number of research analyst reports. Stephens upped their price target on Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Raymond James lowered Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Jefferies Financial Group cut their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $119.52.

Canadian National Railway Trading Down 1.1%

Shares of NYSE:CNI traded down $1.14 during trading on Friday, reaching $105.08. 1,199,256 shares of the stock were exchanged, compared to its average volume of 1,310,308. 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 has a 12-month low of $91.65 and a 12-month high of $128.19. The firm has a market cap of $66.04 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The firm's 50-day moving average price is $99.56 and its 200 day moving average price is $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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $4.38 billion. During the same period in the previous year, the company posted $1.72 earnings per share. Canadian National Railway's revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

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.