Canadian National Railway (NYSE:CNI) Shares Sold by TCI Fund Management Ltd.

TCI Fund Management Ltd. lowered its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,693,764 shares of the transportation company's stock after selling 5,743,513 shares during the quarter. Canadian National Railway makes up about 7.1% of TCI Fund Management Ltd.'s portfolio, making the stock its 8th biggest position. TCI Fund Management Ltd. owned approximately 4.72% of Canadian National Railway worth $3,013,663,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at about $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway in the 4th quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC raised its position in 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 acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 purchasing an additional 108 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNI shares. 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. Bank of America raised their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. 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 research report on Friday, May 2nd. Evercore ISI cut their target price 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. Finally, Raymond James cut Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway has an average rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Stock Down 1.2%

CNI stock traded down $1.30 during midday trading on Wednesday, reaching $106.15. 846,542 shares of the company were exchanged, compared to its average volume of 1,310,050. The stock's 50-day simple moving average is $99.23 and its 200 day simple moving average is $102.50. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $128.19. 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 $66.72 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The firm's revenue was up 3.6% compared to the same quarter last year. On average, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current 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.