Laird Norton Wetherby Wealth Management LLC Sells 2,682 Shares of Canadian National Railway (NYSE:CNI)

Laird Norton Wetherby Wealth Management LLC lessened its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,144 shares of the transportation company's stock after selling 2,682 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Canadian National Railway were worth $1,334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lighthouse Investment Partners LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter worth about $508,000. JARISLOWSKY FRASER Ltd raised its holdings in shares of Canadian National Railway by 4.8% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock worth $926,573,000 after acquiring an additional 422,078 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter worth about $789,000. Focus Partners Wealth raised its holdings in shares of Canadian National Railway by 6.7% in the 4th quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company's stock worth $1,078,000 after acquiring an additional 655 shares during the last quarter. Finally, Eisler Capital Management Ltd. acquired a new stake in shares of Canadian National Railway in the 4th quarter worth about $15,270,000. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Up 0.4%

CNI opened at $105.15 on Wednesday. The company has a 50 day moving average of $98.22 and a 200 day moving average of $102.57. The company has a market cap of $66.09 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $129.18. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data 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 net margin of 26.09% and a return on equity of 22.48%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same period last year, the firm earned $1.72 EPS. Canadian National Railway's revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group lowered their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI decreased their price objective on shares of 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. Raymond James lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Susquehanna upgraded shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price objective for the company in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.27.

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.

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