UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $69.27 Million Stock Position in Canadian National Railway (NYSE:CNI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 26.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 682,345 shares of the transportation company's stock after selling 247,705 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Canadian National Railway worth $69,265,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CNI. Shell Asset Management Co. grew its position in shares of Canadian National Railway by 0.5% during the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock worth $2,171,000 after acquiring an additional 100 shares during the last quarter. Voya Investment Management LLC increased its position in Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after acquiring an additional 112 shares during the period. Crestwood Advisors Group LLC raised its stake in Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after acquiring an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in shares of Canadian National Railway by 1.2% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after purchasing an additional 139 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in shares of 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 purchasing an additional 142 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.2%

Shares of CNI traded up $0.20 during midday trading on Friday, reaching $105.18. 312,503 shares of the stock were exchanged, compared to its average volume of 1,315,607. The company has a market cap of $66.10 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.95 and a beta of 0.97. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $127.89. The firm has a 50 day simple moving average of $100.30 and a 200-day simple moving average of $102.29.

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, 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 firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research analyst reports. Stephens upped their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Bank of America upped their price target on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday. Finally, Susquehanna raised Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price on the stock in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to 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.