Tema Etfs LLC Buys Shares of 3,674 Canadian National Railway (NYSE:CNI)

Tema Etfs LLC acquired a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,674 shares of the transportation company's stock, valued at approximately $373,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CNI. Norges Bank purchased a new stake in Canadian National Railway during the fourth quarter valued at about $563,048,000. Royal Bank of Canada grew its position in Canadian National Railway by 7.5% during the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Canadian National Railway by 33.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock valued at $557,278,000 after purchasing an additional 1,380,554 shares during the period. Capital International Investors lifted its holdings in shares of Canadian National Railway by 12.8% in the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after purchasing an additional 1,341,133 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Canadian National Railway by 29.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after buying an additional 1,102,977 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.07 during trading on Thursday, reaching $106.17. The company had a trading volume of 1,175,854 shares, compared to its average volume of 1,309,515. The firm's 50 day simple moving average is $99.40 and its two-hundred day simple moving average is $102.53. Canadian National Railway has a one year low of $91.65 and a one year high of $128.19. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market capitalization of $66.73 billion, a PE ratio of 20.74, a PEG ratio of 1.95 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping 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 business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same period in the previous year, the company earned $1.72 earnings per share. Canadian National Railway's revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CNI. Bank of America increased their price objective on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Barclays dropped their price objective 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. Citigroup decreased their target price 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. Finally, Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target on the stock in a report on Tuesday, May 6th. Three 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 stock. Based on data from MarketBeat.com, the stock has an average 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.